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Author Question: Explain why demand for a monopolistically competitive firm's product is more elastic than the demand ... (Read 55 times)

Chloeellawright

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on: Jun 29, 2018
Explain why demand for a monopolistically competitive firm's product is more elastic than the demand curve that a monopolist faces.
 
  What will be an ideal response?

Question 2

Most people buy salt infrequently and in small quantities. Even a doubling of the price of salt is likely to result in a small decline in the quantity of salt demanded. Therefore
 
  A) the price elasticity of demand for salt is greater than 1 (in absolute value).
  B) the demand for salt will be perfectly inelastic.
  C) salt is a normal good.
  D) the demand for salt is relatively inelastic.
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kiamars2010

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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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Chloeellawright

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Reply 2 on: Jun 29, 2018
:D TYSM

jojobee318

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

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