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Choose a product you use or know well. Write a brief study of this product, (1)...

Choose a product you use or know well. Write a brief study of this product, (1) describing recent or historic supply and demand shifts for the good, (2) describing any price controls that have been put into place on it, and (3) using the criteria described in the text and in lectures to determine whether demand for the good is elastic, inelastic, or unit-elastic. If you have data and can directly estimate price elasticity of demand, please do so, but you are not expected to. The product is airline tickets

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