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Abstract: This 5 page paper begins with an explanation of price elasticity of demand, price elasticity of supply and price elasticity of income, including formulas and examples. The writer then discusses the price elasticity of demand of VCRs, including data regarding sales in the late 1980s and the declining sales in recent years. Bibliography lists 5 sources.
Catagory:
Subcatagory: Economics And Economic Theory
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