Theories of Micro- and Macroeconomics: An Emphasis on Consumer Theory

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38898Question 1: Consider the following: Nestle Pure Life mineral water vs. mineral water in general. Which one is more elastic? Please justify your response using reliable sources.

Question 2: How does time affect the Price Elasticity of Demand? To respond to this question, compare the demand for gasoline in the short run and in the long run.

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