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Explain factors that determine price elasticity of demand

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Reference no: EM132185937

Question: 1. Identify and explain the factors that determine the price elasticity of demand and provide illustrative examples, based on media reports, of the impact of each factor on the demand for a good or service.

2. Will the Australian economy benefit from President Trump's protectionist policies? Provide illustrative examples from media reports to support your answer and ensure that you consider the concept of comparative advantage.

Reference no: EM132185937

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