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Price elasticity of demand depends on various factors

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Reference no: EM13159367

Q.1 Price elasticity of demand depends on various factors. Explain each factor with the help of an example.

Q.2 Show how producers equilibrium is achieved with isoquants and isocost curves.

Q.3 Discuss the price output determination using profit maximization under perfect competition in the short run.

Reference no: EM13159367

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