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The purpose of this exercise requires an application of elasticity to the selected product (food) in South Africa. Students are required to use the practical
The purpose of this exercise requires an application of elasticity to the selected product (food) in South Africa. Students are required to use the practical application of elasticity to the selected product in South Africa. Assume that maize is a staple food in South Africa. This means that if there is no maize, South Africans will die.
Use the price elasticity of demand analysis to discuss why the demand for maize is inelastic
Justification should include references in the form of links and articles in south africa
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