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•Evaluate the elasticity of demand for your product by applying a minimum of two elasticity determinants. Does your product likely have an elastic or inelastic demand based upon your evaluation of fac...

•Evaluate the elasticity of demand for your product by applying a minimum of two elasticity determinants. Does your product likely have an elastic or inelastic demand based upon your evaluation of factors influencing the price elasticity of demand? How will considering these elasticity determinants impact product revenue?

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The good in question is DSLR cameras

It's is a luxury since as income rises demand for these cameras rise.

It has many close substitutes from rival companies like Sony, samsong etc

Both these things mean that demand for food is elastic. Sinc demand is elastic fall in price will increase revenue and increase in price will decrease revenue

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