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Calculate and interpret price and income elasticity of demand , and explain why the price elasticity of demand tends to increase in the long run.
What is the importance of price elasticity of demand ?
Q: The concept of price elasticity of demand is important to the firms. Discuss.
What is the price elasticity of the demand curve Q(p) = a - bln(p)?
1)Total expenditure and Price Elasticity of Demand a) Demand and Total Expenditure
b)Elasticity and Expenditure
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