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In the diagrams related to bandwagon effect, why do we say when the price is 30$ the demand is 40?
hello can anyone help me..
Explanation
The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded.
#queA monopolist has a constant marginal and average cost of $10 and faces a demand curve Of Qd = 1000-10P. Marginal revenue is given by MR= 1000-1/5Q. stion..
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