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Consumer Choice  and Elasticity Consumer Choice  and Elasticity

Consumer Choice and Elasticity - PowerPoint Presentation

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Uploaded On 2018-12-08

Consumer Choice and Elasticity - PPT Presentation

Fundamentals of Consumer Choice Fundamentals of Consumer Choice Factors affecting choice Limited income necessitates choice Consumers make choices purposefully One good can be substituted for another ID: 738696

demand price quantity elasticity price demand elasticity quantity income run change curve elastic consumer inelastic demanded marginal increase time

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