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General Characteristics of Elastic Goods: Many Substitutes. Luxuries. Large portion of income. Plenty of time to decide. Elasticity coefficient greater than 1. Elastic- 1.27. INelastic - .20. Elastic- 1.60. INelastic - .31. INelastic - .13. Elastic - 2.6 . What about the demand for insulin for diabetics? ................
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