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Which one of the following products would tend to have inelastic demand?
Ethnic Differences
Variations in culture, tradition, and practices among different ethnic groups.
Outgroup Members
Individuals or groups that are perceived as being different or apart from one's own group.
Self-fulfilling Prophecy
A belief or expectation that influences behavior in a way that causes the belief to become true.
Racial Stereotypes
Generalizations or assumptions about the characteristics, attributes, and behaviors of members of a certain racial group.
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