question archive 1)Choose a product that has been purchased in the past month from a grocery or home improvement store
Subject:EconomicsPrice:2.88 Bought3
1)Choose a product that has been purchased in the past month from a grocery or home improvement store.
2)Describe how each of the four factors contributed to the elasticity of the good.
3)Is the product considered elastic, inelastic, or unitary elastic?
4)In a few sentences, what effect do the current supply and current demand have on this product?
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