Illustrate what can we say about the elasticity of demand, Ask an Expert

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Q. Larissa is a famous attorney with a great reputation in court. She charges her clients $300 for each hour she spends working on their cases. If she earned $450,000 in hourly wages last yr also by raising her rates to $350 per hour her income increased to $490,000 illustrate what can we say about the elasticity of demand for Larissa's legal services?

Q. When the costs of drock or brizzle change, there is a shift of the demand curve for goo. Of the subsequent statements, elucidate which is consistent with the direction of these shifts?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9171943

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