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Q. a firm sells two products A and B, product A has an income elasticity of demand of +0.9, while product B -1.3. advise the firm on to plan a solution in the coming month of average income if set to increase by 12%.

Q. After the job losses at the Alcatel-Lucent corporation, laid-off optical engineers had difficultly in finding jobs. These former employees faced difficulties because the market for their very technical skills was declining. These workers were

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Business Economics, Economics

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