Explain why quantity demanded does change a lot in response to an increase or decrease in price. Which of these two goods is most likely to be taxed.
Elastic vs Inelastic Demand Write a discussion post that identifies real world goods or services that have elastic/inelastic demand. *Name a specific good or service that has inelastic demand (it has a steep demand curve). *Explain why quantity demanded does not change in response to an increase or decrease in price. *Then name a specific […]