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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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