Q1. Illustrate what might you be able to infer about the elasticity of demand from the following statement in the article?
Q2. A student was heard to statement ‘Even though I am certain to fail this course, I cannot drop it since it is too late to get back my tuition.' Use one or more ‘Ideas for Beyond the Final Exam' to analyze this reasoning
Q3. Illustrate what is factor-proportions theory, also how is this theory useful in determining production advantages?