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1. **Question**: What factors determine the price elasticity of demand for a pro
1. **Question**: What factors determine the price elasticity of demand for a product?
– **Reference**: Mankiw, N. Gregory. “Principles of Microeconomics.” Cengage Learning, 2018.
2. **Question**: How do changes in consumer income affect the demand curve for normal and inferior goods?
– **Reference**: Perloff, Jeffrey M. “Microeconomics.” Pearson Education, 2018.
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