Elucidate how the benefits of such a policy

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Reference no: EM1320494

Q1. Since of activity in the underground economy, GDP statistics understate the true volume of economic activity GDP statistics overstate the true prices in the economy consumers are not as well off as GDP statistics indicate industries' profits are higher than GDP statistics indicate

Q2. Justify when cutting prices is a good marketplace policy. Using specific data for an industry of your choice Elucidate how the benefits of such a policy.

Converse the law of demand also apply it to buying goods at a retail store also at a wholesale store.

Reference no: EM1320494

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