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For each pair of items below, determine which product would have a higher price elasticity of demand (in absolute value) and which one a lower
For each pair of items below, determine which product would have a higher price elasticity of demand (in absolute value) and which one a lower price elasticity of demand. Explain your answer (2 marks)
a. Petrol and Domino's Pizza
b. Soft drinks and Coca-Cola
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