Question

Draft an agreement on behalf of an MNC to purchase raw materials indicating there in terms and conditions &all the essentials of a valid contract

Answer 1

Explanation:

The price of coffee rose sharply last month, while the

quantity sold remained the same. Five people suggest various explanations:

Leonard: Demand increased, but supply was perfectly inelastic.

Sheldon: Demand increased, but it was perfectly inelastic.

Penny: Demand increased, but supply decreased at the same time.

Howard: Supply decreased, but demand was unit elastic.

Raj: Supply decreased, but demand was perfectly inelastic.

Who could possibly be right? Use graphs to explain your answer

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