Describe the price elasticity of demand (PED) for each of the following items and give one reason for each answer: (a) clothing, (b) designer jeans, (c) cellphones, (d) post-secondary education (e) shoelaces.

Describe the price elasticity of demand (PED) for each of the following items and give one reason for each answer:

(a) clothing,
(b) designer jeans,
(c) cellphones,
(d) post-secondary education
(e) shoelaces.

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