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QUESTION THREE [30] 3.1 Discuss two (2) cases of price elasticity of demand. Use diagrams to motivate your answer. (20) 3.2 Explain how, using elasticity

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QUESTION THREE [30] 3.1 Discuss two (2) cases of price elasticity of demand. Use diagrams to motivate your answer. (20) 3.2 Explain how, using elasticity as the basis for your answer, it can be determined whether two goods, A and good B are complement goods or substitute goods in consumption

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