Explain how about testing the parts of statement

Reference no: EM13259088

In a market which demand in price is inelastic, producers can gouge consumers and the government must set high standards of conduct for producers to ensure that consumers gets a fair deal. Do you agree or disagree with each part of this statement? Expalin how you might go about testing the parts of teh statement that are positive and lay bare the normative parts?

Reference no: EM13259088

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