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Estimate the market demand curve

If you were asked to estimate the market demand curve and figure the existing Price elasticity of demand for a business' product, what steps would you need to take and what problems might you come across in collecting the data?Would you need to make any simplifing assumptions and what would those be? Would you have problems in getting the data in the real world? Does time play any role in this analysis and what would be the sources of your data, etc?

 

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M926268

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