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Micro Economics

Notes 13. What will be the impact of price elasticity of the demand on the following product ranges
available in the Indian market: (a) edible oil (b) computer hardware.

Answers: Self Assessment

1. price, income of consumers and price of other goods
2. perfectly elastic 3. unit elastic
4. perfectly elastic 5. more elastic

6. True 7. True
8. False 9. True
10. False

4.9 Further Readings

Books Dr. Atmanand, Managerial Economics, Excel Books, Delhi.

Dominick Salvatore, Managerial Economics, Thomson
G.S. Maddala, Microeconomics: Theory and Application, Tata McGraw-Hill
Jeffrey M. Perloff, Microeconomics, Pearson Education
Samuel Bowles, Microeconomics: Behavior, Institutions and Evolution, Oxford

Online links http://economics.about.com/cs/micfrohelp/a/priceelasticity.htm

www.quickmba.com/econ/micro/elas/ped.shtml
ingrimayne.com/econ/elasticity/Elastic1.html

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