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Elasticity Questions
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This 4 page paper looks at the concept of elasticity, looking at own price elasticity of demand, cross price elasticity of demand and income elasticity of demand, the way in which goods may be substitutes using a fictitious scenario and if a firm should implement a price decrease to increase sales for an elastic product. The bibliography cites 1 source.
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Pages:
4
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Filename:TS14_TEelastqu.doc |
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Paper Title:
Elasticity Questions
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