Supply and demand curve to provide an explanation

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The French government has recently increased the retirement age, a decision which is opposed through a large fraction of the French public, especially in students. Use the supply and demand curve to provide an explanation for the opposition of students based on self-interest. 

(b) To what extent should managers base their plans on the assumption that consumers and suppliers are self-interested? Does it matter? Give examples.

 

Reference no: EM1374275

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