Micro Economics

Based on the price elastic of demand what we can say about your category? Does it have an Elastic demand, inelastic demand or unit elastic demand?

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Micro Economics https://data.ers.usda.gov/reports.aspx?ID=17825 Click on the above link, Then choose Australia and find – Price elasticity of demand ( Own Price) and -Income elasticity for your category for Australia! then answer the following questions: 1) What is the name of your category ? 2) Based on the price elastic of demand what we can say … Read more

Micro Economics chapter 7 : Identify and discuss in your words three (3) major analysis/discussions that were introduced in your chapter.

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Micro Economics chapter 7 Identify and discuss in your words three (3) major analysis/discussions that were introduced in your chapter. – Why did you like them? – Are they relevant to today’s current issues? – Explain how each identified analysis/discussion utilized two or more of the five key principles of economics which were outline in … Read more