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Class Notes for ECON 1020 at University of Tennessee - Chattanooga (UTC)

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UTCECON 1020Margaret DouglasSpring

ECON 1020 Lecture Notes - Lecture 1: Independent Goods

Abigail Kincannon3 Page
7 Feb 2018
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Interpretation of elasticity of demand: > 1 demand is elastic, = 1 demand is unit elastic, < 1 demand is inelastic, total revenue = price x quantity, t
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