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Consider the Price Elasticity of Demand. Explain how a solid understanding of this, in conjunction with other economics concepts, can help a business improve its

Consider the Price Elasticity of Demand. Explain how a solid understanding of this, in conjunction with other economics concepts, can help a business improve its performance (e.g. increase sales revenue).

give 2 real life examples of this helping a business

Combine theory with practical examples.

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