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law of demand

what is the difference between demand and quantity demanded? Demand and quantity demanded although sense the same thing but has very important differences in terms their meaning. Demand refers to entire relationship between prices and quantity demanded at every possible…

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elasticity help

ELASTICITY ASSIGNMENT: Name:___________________________________ The following table gives some data on the demand for long distance telephone calls: QTY (millions of minutes per day) Price (cents per minute): SHORT RUN LONG RUN 10 700 1000 20 500 500 30 300 0…

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