Question
1. If the prices of a product rises by 3% the quantity demanded falls by 1.5% Calculate the price elasticity of demand. 2. How can
1. If the prices of a product rises by 3% the quantity demanded falls by 1.5% Calculate the price elasticity of demand.
2. How can the cross-price elasticity of demand be used to identify the relationship between two goods.
3.How do you explain the elasticity of demand.
4.Elaborate the marginal utility concept
5.Which market structure is most complicated in the product market
6. Using scarcity and opportunity cost terms, what are the preferences of consumers on goods and services produced.
6. How can the cross-price elasticity of demand be used to identify the relationship between two goods.
7. What are the business organizations that limit their owners to invest in a company.
8. Which business structures would minimize taxes while getting the highest profits.
9. Discuss the topic of insolvency-liquidation
10 Discuss the the LM-IS model
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