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Price rises 15 - PowerPoint PPT Presentation

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Today. Price elasticity of demand. Chapter 5. Elasticity. How does a Change in Supply Affect Price & Quantity?. Want a quantitative answer. Suppose new safety regulations increase the cost of producing toasters. How much does price increase? How much does quantity decrease?.

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Today. Price elasticity of demand. Chapter 18. Elasticity. How does a Change in Supply Affect Price & Quantity?. Want a quantitative answer. Suppose new safety regulations increase the cost of producing toasters. How much does price increase? How much does quantity decrease?.

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366 views • 29 slides

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Price rises 15 - PowerPoint PPT Presentation

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