In the case of consumer durables we find that when the, Ask an Expert

Economics

In the case of consumer durables, we find that when the product is introduced, the prices are high, but over time the prices reduce. What is the pricing policy followed?

2. In the long run, the long run average cost curve is an envelope of the short run cost curves. Discuss the concept behind the same.

3. A company wishes to introduce a new flavour of tea in the market. Discuss how the company can forecast demand for the new flavour of tea.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9745710

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