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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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