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Could I assume the price of a good increase in a certain extent, and to test how will the consumers respond to the change in price, in order to find out the PED? Are there any limitation?

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Do you need to find PED for your Econ EE? If so, I think just doing a survey to find PED is not enough because a survey sometimes won't reflect one's real behaviour while making purchasing decisions. My Economics teacher requires me to search for second-hand data to calculate PED.

Hope it is useful for you. It is just my advice.

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