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Choose a product/service. Describe the elasticity of supply for your product/service (2 marks).Identify one factor that influences the elasticity of supply for that product/service (2

Choose a product/service. Describe the elasticity of supply for your product/service (2 marks).Identify one factor that influences the elasticity of supply for that product/service (2 marks). Discuss the what happens to elasticity of supply if you vary that factor (3 marks).

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