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Question 1-Define price elasticity of demand.how you will use to define an "inferior good".Give two examples of an interior good. Question 2-In which market structure would you place each of the following products:Monopoly,oligopoly,monopolistic competition,or perfect competition?why? A- Water and sewerage service. B- Breakfast cereal Question 3-Explain the differences between demand pull and cost push inflation. Question 4-Identify the key factors affecting the demand of currency. Question 5-Oi ...

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Tags: United Kingdom London Economics Business Economics Business Economics University of London Business Economics PM101 

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