price elasticity

Focus and write a paper on marginal utility, price elasticity of demand, and understanding the difference between price elasticity of demand and income elasticity of demand.

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Price elasticity of demand and income elasticity of demand. Focus and write a paper on marginal utility, price elasticity of demand, and understanding the difference between price elasticity of demand and income elasticity of demand.  

Income function: Create a function that takes parameters for the demand function, and which visualizes the income function, marginal income and price elasticity, and which identifies where the demand function is elastic, neutral-elastic and inelastic.

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Income function Create a function that takes parameters for the demand function, and which visualizes the income function, marginal income and price elasticity, and which identifies where the demand function is elastic, neutral-elastic and inelastic.