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so at these prices, jamming joe's demand for gigabytes of data from connecting U is elastic. Joe, why is this likely the case? a) There are two close substitutes in the market: gigabytes of data from connecting U and Mega Bytes. b) Since I work outdoors, gigabytes of data are a necessity for me.    Which one is the answer a or b? I don't which one it is.

so at these prices, jamming joe's demand for gigabytes of data from connecting U is elastic. Joe, why is this likely the case? a) There are two close substitutes in the market: gigabytes of data from connecting U and Mega Bytes. b) Since I work outdoors, gigabytes of data are a necessity for me.    Which one is the answer a or b? I don't which one it is.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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so at these prices, jamming joe's demand for gigabytes of data from connecting U is elastic. Joe, why is this likely the case?

a) There are two close substitutes in the market: gigabytes of data from connecting U and Mega Bytes.

b) Since I work outdoors, gigabytes of data are a necessity for me. 

 

Which one is the answer a or b? I don't which one it is. 

My demand is elastic. Jamming Joe That is correct! Econ Mentor So at these prices, Jamming Joe's demand for gigabytes of data from Connecting U is elastic. Joe, why is this likely the case? Curious Cally There are two close substitutes in the market: gigabytes of data from Connecting U and Mega Bytes. Since I work outdoors, gigabytes of data are a necessity for me.
Transcribed Image Text:My demand is elastic. Jamming Joe That is correct! Econ Mentor So at these prices, Jamming Joe's demand for gigabytes of data from Connecting U is elastic. Joe, why is this likely the case? Curious Cally There are two close substitutes in the market: gigabytes of data from Connecting U and Mega Bytes. Since I work outdoors, gigabytes of data are a necessity for me.
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