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Cost Reduction
Positive measures to effect a lowering of costs include:
reducing national insurance contributions (an ad valorem tax on employing labor);
improving the supply and quality of labor, e.g. by developing training schemes, encouraging flexible working hours to attract part-time workers, improving mobility, granting subsidies to firms to locate in the Assisted Areas where surplus workers are available;
providing advisory services.
List the 3 factors that determine the price elasticity of demand? State the factor that determines the price elasticity of supply?
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Suppose the own price elasticity of demand for good X is -5, its income elasticity is 2, its advertising elasticity is 4, and the cross-price elasticity of demand between it and go
WHAT IS THE BEST EXCHANGE RATE TYPE
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