Question

EU ROC a rough measure of how high the price of oil
Luple to make big cuts in oil consumption. How much would the price ofoil have to permanently
10.00 to cut oil consumption by 50%7
10. The elasticity of demand is 0.2 is the demand curve relatively steepor flat? Will a fall in price raise total revenue or lower it? Note we present the
elasticity in terms of its absolute value
11. The elasticity of demand is 20. Is the demand curve relatively steep orasWill a fall in price raise total revela - it? Note. We present the
MacBook Air
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Answer 1

Answer:

mujhe nahi aata mat kar bhaii