Economy, asked by Maddy5772, 10 months ago

In case demand elasticity under imperfect competition is unity the matronal revenue will be

Answers

Answered by Anonymous

Explanation:

What would be the substitution effect and the income effect of a wage increase? Substitution effect is the effect on the quantity demanded of a commodity due to change in the relative price of the commodity. Income effect is the effect on the quantity demanded for a good due to change in income.

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