Assumption about price elasticity of demand or supply


Question:

Summarize an article that implies an assumption about price elasticity of demand or supply or that implies an assumption about income elasticity. The article can come from an online newspaper or magazine. A link to the article must be included with your summary remarks. Summarize what the article is about in general, followed by a paragraph or two explaining how elasticity is implied.

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Microeconomics: Assumption about price elasticity of demand or supply
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