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Help please?!? Question 11 (Challenging). The country of Tuchanka, which is inhabited by the peaceful Krogans, was very recently introduced to a new good, Salarian.

Help please?!?

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Question 11 (Challenging). The country of Tuchanka, which is inhabited by the peaceful Krogans, was very recently introduced to a new good, Salarian. At the time of introduction to the market, Salarian has no clear comparison. Salarian has been extremely popular and can be purchased almost anywhere. a) Describe what features of the demand curve you expect to see (for example: shape, slope, extreme points). b) Market research suggests that while Krogans really enjoy consuming Salarian they find that consuming additional servings rapidly is far less enjoyable. Comment on what this means and how it influences the demand curve. 0) Further to this, while the first unit of Salarian is highly enjoyable no one will pay more than $50 for Salarian, and a price of $30 will create demand for 6 units. Construct the demand curve. d) Volus, an alternative good to Salarian is introduced into the market. This causes the elasticity of demand to be six times higher at a price of $20, and quantity demanded to fall to 4 units. Construct the new demand curve e) If an intersection point exists, calculate and compare the elasticity of demand at this point for both demand curves. 1) Assume that the product Volus exits the market but the new demand curve found in part d remains the same. Explain another factor that would keep the demand curve from returning to the shape found in part c

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