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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
- 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
- Give an example of recent changes due to covid 19 restrictions whicj illustrates the concept of price elasticity of supply.
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