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Briefly explain whether the demand for each of the following products is likely to be price elastic or price inelastic. a.Milk b.Frozen pizza c.Cola drinks

Briefly explain whether the demand for each of the following products is likely to be price

elastic or price inelastic.

a.Milk

b.Frozen pizza

c.Cola drinks

d.Prescription medicine

(try to explain as much as possible in more words or diagrams)

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