ECON6000 Economic Principles And Decision Making Module 3 - Assessment 2

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Problem A:

As discussed in Module 1, Schmeckt Gut plans to introduce the Schmeckt Besser energy bar on the market.
1. In your own words, what is the importance of the topic ‘Elasticities’ for this undertaking? Explain this to the Board of Schmeckt Gut.

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