Paper instructions:
ANSWER THIS QUESTION TO BE ASSIGNED THE ESSAY
Just based on general information possess, do you think the demand for
computers is likely to be elastic or inelastic? How about the demand for
new homes? The demand for six-packs of Seven-Up?
THE ESSAY TOP IS: ELASTIC OR INELSATIC
Optional: What factors are assumed constant along a marginal cost
curve? Make a list and then explain how a change in each of those
factors would affect the marginal cost curve.
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