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This assignment is 40 marks in total (40% of the course) and covers topics such as price elasticity of demand and supply, elastic and inelastic demand, and the difference between slope and elasticity of demand.

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Added on 2023-05-31

This article explains the concepts of price elasticity of demand and supply, the difference between elastic and inelastic demand, the role of substitution in determining elasticity, and the impact of price changes on total revenue. It also discusses the relationship between demand elasticity and the slope of the demand curve.

This assignment is 40 marks in total (40% of the course) and covers topics such as price elasticity of demand and supply, elastic and inelastic demand, and the difference between slope and elasticity of demand.

Added on 2023-05-31

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