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Despite of the fact that oil producing countries are facing low price elasticity of demand for their product, they may not be welling to increase
Despite of the fact that oil producing countries are facing low price elasticity of demand for their product, they may not be welling to increase the price beyond certain limit. Why?
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Microeconomics
Authors: Michael Parkin
11th edition
133019942, 978-0133020250, 133020258, 978-0133019940
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