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Business, 12.07.2019 11:50 davi113001
What is an important issue for our times, but is currently under-discussed? why do you believe this?
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Anewspaper story on the effect of higher milk prices on the market for ice cream contained the following: "as a result [of the increase in milk prices], retail prices for ice cream are up 4 percent from last year. . and ice cream consumption is down 3 percent." source: john curran, "ice cream, they scream: milk fat costs drive up ice cream prices," associated press, july 23, 2001. based on the information given, what is the price elasticity of demand for ice cream?
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What is an important issue for our times, but is currently under-discussed? why do you believe this...
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