1.1 List and explain the 5 categories of price elasticity of demand (10Marks) 1.2 Briefly explain...

1.1 List and explain the 5 categories of price elasticity of demand (10Marks)
1.2 Briefly explain any determinants of the price elasticity of demand
1.3 With the aid of fully labelled diagrams, explain how a perfectly competitive firms adjust to earning only normal profits in the long run from a position of economic profit/loss in the short run(10marks)

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Rahul Sunny answered 1 year ago

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