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Do you think the current supply of avocados is relatively price inelastic or elastic? Do you think the current demand for avocados is relatively price
Do you think the current supply of avocados is relatively price inelastic or elastic? Do you think the current demand for avocados is relatively price inelastic or elastic? From your answer in (ii), what therefore would be the price elasticity of demand for avocados when the price of an avocado rises by 50 percent
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