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A local airline charges $500 to fly (round-trip) to Louisville, Kentucky. From the past three months, whereas the $500 fare has been in effect every of the two daily flights have averaged 10 passengers. During last summer, the carrier ran a sale and charged $300 for a round-trip to Louisville; during the six weeks of the sale, the airline averaged 20 passengers per flight. Calculate coefficient of price elasticity?
Market equilibrium happens where supply equals demand (supply curve intersects demand curve). An equilibrium implies that there is no force that will cause further changes in pri
In the diagrams related to bandwagon effect, why do we say when the price is 30$ the demand is 40?
what are the sources of monopoly power
the diagram used to illustrate of abnormal and normal profits
schedule and diagram of iso cost
indifference curve for the demand for big macs
What is third degree price discrimination? Explain with case analysis,give two successful & unsuccessful cases of 3rd degree price discrimination.
1. What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities? 2. What are
concept of supply
objective of afirm
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