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In which of the following stages of the policymaking process are problems or issues defined?
Pepsi
A carbonated soft drink manufactured by PepsiCo, known for being one of the most popular cola beverages globally alongside Coca-Cola.
Coke
A fuel with a high carbon content and few impurities, made by heating coal in the absence of air, used mainly in steel manufacturing.
Income Effect
The alteration in the income of either a person or an economy and the impact this change has on the demand for a specific product or service.
Inferior Good
A type of good for which demand decreases as the income of the consumer increases, opposite to normal goods.
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