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Business, 16.06.2020 20:57 orangeicecream

The elasticity of demand for some products is affected by the personal values of potential customers. Consider devout practitioners of the Hindu religion who believe it is wrong to eat beef. In Hindu
communities, the elasticity of demand for beef is 0.0, or completely inelastic - consumers won't buy
beef no matter what happens to its price. Describe several other situations where other factors are
more important to the buying decision than is the price. Discuss your reaction to these situations (i. e.
Do you find them interesting, surprising? If so, why? Be specific!)

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