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Some well-known branded items are relatively price inelastic compared to similar items whose brands are less well known.’ Referring to this statement, explain the economic concept of ‘price elasticity of demand'.
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Atype of construction where tha main load bearing element are hung for suspension cables that are then suspended from vertical supports anchored into the ground or a riverbed
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Some well-known branded items are relatively price inelastic compared to similar items whose brands...
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