1.

A good is an inferior good for one and at the same time normal good for another consumer. Do you agree? Explain. Or Price elasticity of demand for flowers and toys are respectively (-) 0.9 and (-) 0.5. Demand for which one is more elastic and why?

Answer»

A good is an inferior good for one and at the same time normal good for another consumer. Do you agree? Explain.

Or

Price elasticity of demand for flowers and toys are respectively (-) 0.9 and (-) 0.5. Demand for which one is more elastic and why?



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