Microeconomics:%20Theory%20and%20Applications%20%20David%20Besanko%20and%20Ronald%20Braeutigam%20%20Chapter%202:%20%20Demand%20and%20Supply%20Analysis%20%20Prepared%20by%20Katharine%20Rockett - PowerPoint PPT Presentation

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Microeconomics:%20Theory%20and%20Applications%20%20David%20Besanko%20and%20Ronald%20Braeutigam%20%20Chapter%202:%20%20Demand%20and%20Supply%20Analysis%20%20Prepared%20by%20Katharine%20Rockett

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In general, for the elasticity of 'Y' with respect to 'X': Y,X= ( % Y) = ( Y/Y) = dY. ... a = Q1 - bP1. 18. Quantity. Price. 0. Market Demand. Supply ... – PowerPoint PPT presentation

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