What are different ways of measuring global inequality

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Q. What are difficulties in estimating income inequality at global level? What are different ways of measuring global inequality?

Q. Why should a profit maximizing manager who is setting prices care about elasticity demand curve for a product? Elasticity only accounts for how price changes revenue. Profit maximization requires a manager to analyze additional revenues as well as additional costs from a price change.

Reference no: EM1372515

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