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Elasticities 1. price elasticity of demand (Chapter 6, 7th edition) Law of Demand A business firm does not care whether more demand comes from James Bond or from the First Lady unless they are trendsetters. The firms are concerned with the market ...
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/price-elasticity-of-demand-overview-1146254-FINAL-5b92d7c746e0fb005091690b.png "A Primer on the Price Elasticity of Demand")
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