A . If demand for consumer goodsis inelastic and supply is unit elastic / unitary elastic, a

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A. If demand for consumer goodsis inelastic and supply is unit elastic / unitary elastic, a shift in which curve would affect Price more or quantity more?Justify your answers with diagram.

B. If supply of product 'X' is elastic and demand for product 'X' is inelastic, a shift in which curve would affect price more or quantity more?Justify your answers with diagram.

Posted Date: Jun 25, 2024 05:02 PM

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A . If demand for consumer goodsis inelastic and supply is unit elastic / unitary elastic, a

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