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Economics

Relation between elasticity, change in price also total expenditure

1. Elucidate describe how a change in price affects total expenditure by filling in every cell with the resulting change in total expenditure.
Demand is ... Increase in Price Decrease in Price
Elastic
Unit-elastic
Inelastic

2. You buy only apples also bananas. Your budget is such which you can purchase 3 apples also 4 bananas or 9 apples also 2 bananas. prepare down the equation for the budget line with bananas on the y-axis. Is which equation unique?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M916381

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