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Suppose after graduating from Holmes Institute you started a classic shoe business for executive ladies in Sydney with a trade mark JMClassics. Required: a. Examine
Suppose after graduating from Holmes Institute you started a classic shoe business for executive ladies in Sydney with a trade mark "JMClassics".
Required:
a. Examine the factors that influence the price elasticity of demand for your classic shoe business. (3 Marks)
b. Explain why you should be concerned about elasticity of demand and supply. (4 marks)
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