1.If you were the only shopkeeper in your village, how will you use the concept of price elasticity of demand to determine price of a commodity?
2.Do you think it's relevant for government to go into production of goods and services? Why?
Answers
Answered by
1
Answer:
If the price of the commodities would increase it would affect the demand for it . ... Hence with low income in the villages the shopkeepers need to be very particular about pricing the commodities on the basis of price elasticity of demand
brilliant pls
Similar questions