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What do you think of dynamic pricing? Would you prefer EDLP? On your weekly grocery shopping trip, you notice that the price of spaghetti has

What do you think of dynamic pricing? Would you prefer EDLP?

On your weekly grocery shopping trip, you notice that the price of spaghetti has gone up 50 cents a pound. How will this price increase affect the demand for spaghetti sauce, rice, and Parmesan cheese? Explain your answer in terms of the price elasticity of demand.

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