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If a Good Has Only a Few,poor Substitutes,is Its Demand

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Essay

If a good has only a few,poor substitutes,is its demand elastic or inelastic?


Definitions:

Quantitative Research

A research methodology that focuses on gathering numerical data and performing statistical, mathematical, or computational techniques to analyze it.

Manual Storage

The physical keeping or organizing of records, documents, or materials by hand.

Notebooks

Books with blank pages for writing notes, recording data, or sketching, often used for personal or academic purposes.

Boxes

Containers made of various materials, used for storage or transportation of goods.

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