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The aggregate demand function for donuts is given by D(P) = (131/2) - (p/2) and the aggregate supply function is given by S(P) = (p/7) - (5/7). Suppose that the market for donuts is perfectly comeptitive.
i) What are the equilibrium price and quantity?
ii) What are the inverse demand and supply functions for donuts?
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She is now considering raising her prices by 20 percent to offset the increase in her monthly rent.
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Determine the income elasticity of demand, and state whether good X is a normal or inferior good. d. Determine the own advertising elasticity of demand.
Discuss a time when you have had to deal with a sensitive and/or a negative message. What would you do differently in light of the material covered in this module? If you would do nothing differently, describe how your handling of the message aligns ..
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