Question: Read each statement below and indicate if the price elasticity of demand for the product is most likely to be elastic and inelastic: i. Consumers

Read each statement below and indicate if the

Read each statement below and indicate if the price elasticity of demand for the product is most likely to be elastic and inelastic: i. Consumers have a preference for Kellogg's Cornflakes ii. There are different brands of hard dough bread iii. A diamond Rolex watch

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