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Point elasticity
The point elasticity of demand is described as the proportionate change in quantity demanded in response to a very small proportionate change in price. The concept of point elasticity is useful where change in price and consequent change in quantity demanded are very small.
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Case study for consumer behavior using indifference curev
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Assignment
Why do the managers in marris model maximise their satisfaction by choosing a higher growth rate and a lower valuation ratio when compared to the profit maximisation
In regards to air pollution, use a diagram to show and explain how the existence of pollution can make the market equilibrium inefficient.
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