5/4/2023 0 Comments What does brother ped basic doThey have few or no close substitutes, e.g.Goods which are inelastic tend to have some or all of the following features: Inelastic demand PED These are goods where a change in price leads to a smaller % change in demand therefore PED <1 e.g. if Sainsbury’s put up the price of its bread there are many alternatives, so people would be price sensitive. ![]()
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