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SOLVED 19748

I’m studying for my Economics class and don’t understand how to answer this. Can you help me study?

I’m having trouble with the last portion of my paper in relation to the effects of changes in supply and demand on the market equilibrium for an inelastic good/service. In putting into words the explanation of these effects I feel as though it doesn’t represent the relative inelasticity concept I’ve focused the first 3/4 of my paper on.
Focusing on the very last portion (what decisions related to supply and demand for your product/service would you make) Please read this and provide feedback and or corrections where you feel necessary. Thank you.


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