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Please answer question 3.1 3.1 Suppose you are the supplier of fertilisers and that you are in a position to decide at which price you

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3.1 Suppose you are the supplier of fertilisers and that you are in a position to decide at which price you will offer these products for sale. what would your pricing strategy tend to be if you have determined that the price elasticity of the demand for fertilisers is: i. Greater than one. (1) ii. Equal to one. (1) iii. Smaller than one. (1) Explain your decision in each case

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