In the context of Pakistan’s society for each of the following products, indicate the correct type of price elasticity of demand or supply and also justify your answer:
a) An exquisite painting to be sold at an auction (1 Mark)
b) Demand for Cancer-treating drug (1mark)
c) Production of gold mining (1 mark)
d) Demand for gold (1 mark)
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Answer:
its
Sooo
long
Bro
sorry
For that
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