Question: Can you please help me to answer the below question? I have an exam tomorrow. This question is related to Unit 2 Microeconomics Elasticity of

Can you please help me to answer the below question? I have an exam tomorrow. This question is related to Unit 2 Microeconomics Elasticity of Demand (PED)

Examine the significance of price elasticity of demand (PED) for the decision-making of firms and governments.

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