question archive Give examples of how to use the concept of elasticity: 1) including an explanation of why or how businesses might use the concept of elasticity

Give examples of how to use the concept of elasticity: 1) including an explanation of why or how businesses might use the concept of elasticity

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Give examples of how to use the concept of elasticity:

1) including an explanation of why or how businesses might use the concept of elasticity.

2) Give examples of negative/positive externalities, defend your position on why you be believe they are externalities. What can governments do to correct for these market failures?

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