If american cheese also cheddar cheese are substitute, Ask an Expert

Economics

Q1. If American cheese also cheddar cheese are substitute afterward which of the following would increase the demand for cheddar cheese?

Q2. If the price of a Sharpie marker goes from $1 to $3 also the producer changes the supply from 1000 markers to 5000 Illustrate what type of elasticity is this?

Q3. A rancher raises sheep. Once a year he shears them also sells the raw wool to a processor who cleans it also spins it into yarn. The yarn is then sold to a knitting mill, which produces also sells sweaters. In calculating GDP we would count
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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9159932

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