IGCSE O-LEVEL
Price elasticity Exam practice
Explain whether the price elasticity of demand for the following products is likely to be price elastic or price inelastic. Justify your answers.
1 Pineapples
2 Tobacco
3 Overseas holidays
4 Textbooks
Answers
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Answer:
lastic or price inelastic. Justify your answers.
1 Pineapples
2 Tobacco
3 Overseas holidays
4 Textbooks
Explanation:
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