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For each pair of items below determine which product would have the higher price elasticity of demand (in absolute value).
A)Insulin for a diabetic or aspirin for someone suffering a headache.
B)A new Whirlpool 27 cu.ft.side-by-side refrigerator or electricity to power your all-electric home.
C)A can of Red Bull or soft drinks in general.
Developmental Stage
A phase in the growth and development process where individuals acquire specific skills and behaviors characteristic of a certain age.
Literacy
The ability to read and write at a level that allows an individual to function and communicate effectively in society.
Risk Factor
A characteristic, condition, or behavior that increases the likelihood of developing a disease or injury.
Lifestyle Change
Modifications to an individual's daily habits and behaviors, such as diet and exercise, aimed at improving health.
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