Question
Compare stepwise demand with smooth demand , explain when an economist a stepwise demand , or smooth demand include a real-world situations for each one
Compare stepwise demand with smooth demand , explain when an economist a stepwise demand , or smooth demand include a real-world situations for each one that it is meant to address, what do these models have in common, and explain in detail what is different about these two models. draw two graphs and label one representing each modeling choice
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Microeconomics
Authors: Robert Pindyck, Daniel Rubinfeld
8th edition
978-0132870436, 132870436, 013285712X, 978-0133371178, 133371174, 978-0132857123
