Question: I need help with the following tasks: 1. Analyse and explain what you perceive to be the biggest challenge for UK households and individuals in

I need help with the following tasks:

1. Analyse and explain what you perceive to be the biggest challenge for UK households and individuals in terms of cross-price elasticity of demand.

2. Explain this economic concept using real examples from within the UK economy and UK society within the past three years (2020-2022).

Thank you very much.

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