Question
Select firms/Industry categorised as two different Forms ofMarkets observed by you in the Canadian economy Discuss the features of these markets, inter-linkage observed between elasticity
Select firms/Industry categorised as two different Forms ofMarkets observed by you in the Canadian economy Discuss the features of these markets, inter-linkage observed between elasticity ofdemand of that product, Revenue earned by these firms and the form of those markets. Howdoes the performance of that good's market (in terms ofSales/Revenue/Profit) is impacted by elasticity of demand/supply? What role does government play in those markets? Give examples ofPolicy/Norms implemented by government in those markets. Give suggestions to the government if you perceive to have anyamendments/Policies required to be implemented in those markets. Instructions: Make use of Tables/Graphs to support your description.
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