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Define price and income elasticities.Explain the nature of various goods in context of elasticities, normal, inferior, substitute, compliment etc. The Coca Cola Beverages Limited has

Define price and income elasticities.Explain the nature of various goods in context of elasticities, normal, inferior, substitute, compliment etc. The Coca Cola Beverages Limited has asked you to advice its market strategy for coming Ramazan, in both cases whether Pepsi Co. opt to decrease its price or not.

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