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Business, 19.11.2019 02:31 SchoolSucks234

Deriving the aggregate demand (ad) curve (12 points): a) graphically derive the ad curve when is is inelastic (but not perfectly) and lm is elastic (but not perfectly). (5 points) b) graphically derive the ad curve when is is elastic (but not perfectly) and lm is inelastic (but not perfectly). (5 points) c) comment on the differences in ad in parts (a) and (b). (2 points)

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Deriving the aggregate demand (ad) curve (12 points): a) graphically derive the ad curve when is is...
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