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Give the meaning of the term price control

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Reference no: EM132883425

Distinguish between own-price elasticity of demand and cross- elasticity of demand

Briefly discuss the factors which affect the own price elasticity of demand

Give the meaning of the term ' Price Control.

Explain the circumstances under which price control is considered necessary.

Define elasticity of supply and briefly explain any five factors that influence the elasticity of supply.

Explain why elasticity of supply for agricultural commodities is lower than others.

Reference no: EM132883425

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