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Elasticity explain the distinction between price income and

Question 1

A) Elasticity, explain the distinction between price, income and cross price elasticity of demand illustrate your answer with appropriate formulas. Identify and defend the expected signs associated with each form of elasticity.

B) Explain at least five tools available for government intervention to deal with market failure with suitable examples.

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Business Economics: Elasticity explain the distinction between price income and

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