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Explain Price Elasticity of Demand (PED) and the various levels of elasticities. What are the factors affecting PED? Apply this understanding to your analysis ofsugary

Explain Price Elasticity of Demand (PED) and the various levels of elasticities. What are the factors affecting PED?
Apply this understanding to your analysis ofsugary drinks industry in Singapore. Examine possible factors that can affect its PED.

You should include appropriate research or examples; make relevant assumptions; and use hypothetical numbers to apply to your analysis.

Use formulas and clearly labelled graph(s) to show the explanation.

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