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Questions and answers by
Mishal Almandhour
Questions (5)
2. Decide whether the following product is normal, inferior, or luxury. Explain how you can find that?
a. Income increases by 20%
1 answer
438 views
1. Calculate the demand elasticity of demand ( by using at least two methods) given the following information:
P1 = 10 Q1=100 P2
1 answer
423 views
Explain how the following events might affect the market demand curve for prime filet mignon
a. A fall in price of filet mignon
1 answer
558 views
Explain the relationship between product X, product Y and product Z or the properties of each according to the following
2 answers
657 views
Suppose that the demand curve for beans is given by:
Q=20-P Where Q is thousands of pounds of beans bought per week and P is the
1 answer
1,015 views