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LEARN ABOUT: Pricing Research: What it is & How to Run It Factors Influencing Price Elasticity Several factors can influence whether a product is elastic or inelastic, including: Availability of Substitutes: If many alternatives are available, a product will likely be more elastic because consumers can easily switch to substitutes if the price rises

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"People have forgotten over time all of the practices of the tobacco industry, not only the fact that they lied about the products but also the fact that the products they were selling to the American people were engineered to be addictive as possible." Related: E-cigarette ads target kids, CDC says Douglas says it's not clear what the impact of the ads will be

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