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1. Explain the difference between the change in demand and the change in quantity demanded? Bring an example and explain which demand determinant you are talking about?

2. Bring an example of production (any production in any industry), and state which costs do you think will be fixed costs and which ones will be variable costs?

3. Explain the explicit and implicit costs of the business? Explain

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Divya Singh
Divya SinghLv10
28 Sep 2019

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