b) Analysing the graph below, calculate and classify the price elasticity of this product? Is this a case of price elast

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b) Analysing the graph below, calculate and classify the price elasticity of this product? Is this a case of price elast

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B Analysing The Graph Below Calculate And Classify The Price Elasticity Of This Product Is This A Case Of Price Elast 1
B Analysing The Graph Below Calculate And Classify The Price Elasticity Of This Product Is This A Case Of Price Elast 1 (18.53 KiB) Viewed 11 times
b) Analysing the graph below, calculate and classify the price elasticity of this product? Is this a case of price elasticity of demand or a price elasticity of supply? Explain your answer in your own words. (60 marks) 12.5 10 7.5 5 2.5 0 0 1400 5 1 10 15 20 ELASTICITY 25 30 35 40 45 50 2 55 (100 marks)
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