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Business Economics Assignment Help The term business economics is a school of study under the applied economics branch of economics. It uses the theories of economics and the other empirical analytical tools to monitor the role and the relevance of organizational structure in the optimal use of the...
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Where Qxd = quantity demanded of good X and Px= price per unit of good X. the increase in quantity demanded may, however, not be in exact proportion to the fall in price. A fall of one- tenth in the price may increase the sales by a twentieth or it may just double them. ...