Question: a Using examples, explain why many primary commodities have a relatively low PED while many manufactured products have a relatively high PED. Use the concept

a Using examples, explain why many primary commodities have a relatively low PED while many manufactured products have a relatively high PED. Use the concept of PED and diagrams to explain why agricultural product prices tend to fluctuate more (are more volatile) compared with manufactured product prices over the short term. (Optional)

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