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Marginal benefit is most related to what economic concept?
 
a. Opportunity cost
b. Supply elasticity
c. Demand elasticity
d. Equilibrium price

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Vaishali Yadav
Vaishali YadavLv10
27 Oct 2020

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Marginal benefit is most related to what economic concept?

QUESTION 01: Explain the concepts of Demand, supply and market equilibrium. Give real life examples to explain the shift in demand and supply and also explain the impact of a shift in demand or supply or both on the equilibrium price and quantity. (use appropriate diagrams)

QUESTION 02: Discuss the concept of Price Elasticity of Demand. Explain using suitable examples the various determinants of Price Elasticity of Demand.

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