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Q1. (a) WHAT DOES THE DOWNWARD SLOPING DEMAND CURVE IMPLIES? (b) WHAT IS THE BASIS FOR...

Q1. (a) WHAT DOES THE DOWNWARD SLOPING DEMAND CURVE IMPLIES? (b) WHAT IS THE BASIS FOR THE LAW OF SUPPLY (c) DISCUSS MANAGERIAL APPLICATION OF ELASTICITY OF DEMAND.

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Explain why demand curve are downward sloping
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