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4. Calculate and explain each of the type for the following elasticities: Price increases from $100 to $110 quantity demanded moves from 10 to 8.
4. Calculate and explain each of the type for the following elasticities:
Price increases from $100 to $110 quantity demanded moves from 10 to 8.
Price decreases from $11 to $10 quantity supplied moves from 90 to 75.
Price of A increases from $2 to $2.5, quantity demanded of B moves from 10 to 8. What kind of good is this?
Price of A decreases from $3.2 to $3, quantity demanded of B moves from 10 to 8. What kind of good is this? (CLO4, CLO5)
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