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Why are the unique products price inelastic?

Answer:

inelastic is supply and demand trends. inelastic means the demand only slightly or never really changes. things like luxury items, sports cars, mansions, penthouse apartments, high class call girls, all of them stay at steady prices because the demand for them never changes.

First answer by Sonofanarchy. Last edit by Sonofanarchy. Contributor trust: 1 Question popularity: 1 [recommend question].

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