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Identify a product that you regularly consume such as soft

Identify a product that you regularly consume, such as soft drinks or a particular snack food. Describe how your demand (consumption) will be impacted by a 25% price increase. Conversely, how will your demand (consumption) change if the price drops by 25%? Is your demand for this product elastic or inelastic? Explain why.

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Macroeconomics: Identify a product that you regularly consume such as soft

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