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Discuss how changes in buying patterns ( e.g. panic buying of certain items such as rice, pasta , toilet rolls and reduced demand for other

  1. Discuss how changes in buying patterns ( e.g. panic buying of certain items such as rice, pasta , toilet rolls and reduced demand for other items such as clothing and footwear during the Covid 19 lockdown illustrates the concept of price elasticity of demand
  2. Give an example of recent changes due to covid 19 restrictions whicj illustrates the concept of price elasticity of supply.

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