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Discuss the concept of comparative advantage

Assignment:

Question 1 Identify and explain the factors that determine the price elasticity of demand and provide illustrative examples, based on media reports, of the impact of each factor on the demand for a good or service.

Question 2 Will the Australian economy benefit from President Trump's protectionist policies? Provide illustrative examples from media reports to support your answer and ensure that you consider the concept of comparative advantage.

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Microeconomics: Discuss the concept of comparative advantage

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Microeconomics: Discuss the concept of comparative advantage

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