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Author Question: Explain the three main determinants of a good's price elasticity of demand. (Read 54 times)

s.tung

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on: May 25, 2020

Question 1

Draw a demand and supply curve for a good of your choosing. Explain how a increase in household income would affect the equilibrium price and quantity.

Question 2

Explain the three main determinants of a good's price elasticity of demand.
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Marked as best answer by s.tung on May 25, 2020

dantucker

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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s.tung

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Reply 2 on: May 25, 2020
Excellent

covalentbond

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Reply 3 on: Yesterday
:D TYSM

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