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Author Question: Explain the concepts of cross-price elasticity of demand and income elasticity of demand. What do ... (Read 689 times)

WWatsford

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on: Jun 29, 2018
Explain the concepts of cross-price elasticity of demand and income elasticity of demand. What do positive and negative values indicate for each of these demand elasticities?
 
  What will be an ideal response?

Question 2

In perfect competition, why is a firm's marginal revenue curve also the demand curve for the firm's output?
 
  What will be an ideal response?
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mmj22343

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Reply #1 on: Jun 29, 2018
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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WWatsford

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Reply 2 on: Jun 29, 2018
Excellent

lindahyatt42

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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