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For each of the following pairs, choose which good you would expect to have more elastic demand, and briefly (one sentence) explain why. (20 points)...
For each of the following pairs, choose which good you would expect to have more elastic demand, and briefly (one sentence) explain why. (20 points)
a. All movie tickets OR tickets to movies shown in 3D
b. Strawberry Ice Cream Sandwiches OR Eggs
c. A Starbucks at an airport OR A Starbucks in the middle of a city
d. Name something that for you personally has close to perfectly inelastic demand, and explain what that means, and why that is the case.