Virus Solutions (Pty) Ltd is the manufacturer of various [ad_1] Virus Solutions (Pty) Ltd is the manufacturer of various ant-virus vaccines and chronicalmedicines. Some of the patents under which their medicines were produced had expiredafter the prescribed time limit. Now they are faced with generic competition in the globalmarket. This will put them now suddenly […]
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Would you cut the price to increase your revenue? [ad_1] You are the manager of a successful automotive dealership. You have estimated the income elasticity for your automobiles to be 0.9, while the price elasticity of demand for your automobiles is -1.25. Would you cut the price to increase your revenue? Discuss. You read in
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Discuss the effects of this decision [ad_1] Suppose the government decided that, since gasoline is a necessity, its price should legally be capped at R1,20 per gallon. Discuss the effects of this decision [Button id=”1″] [ad_2] Source link
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What is the difference between a change in demand [ad_1] 1.1 What is the difference between a change in demand and quantity demanded? (4)What is the relationship between quantity demanded and quantity supplied at equilibrium? (2) What is the relationship when there is a shortage? [Button id=”1″] [ad_2] Source link
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