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Examples
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Honors price discrimination cross-elasticity of demand (percent change in demand for good X divided by percent change in price for good Y) income elasticity of demand (percent change in demand for good X divided by percent change in income) law of equiproportional marginal benefit condition for reducing production (MC >
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Honors price discrimination cross-elasticity of demand (percent change in demand for good X divided by percent change in price for good Y) income elasticity of demand (percent change in demand for good X divided by percent change in income) law of equiproportional marginal benefit condition for reducing production (MC > long run average costs (LRAC) are never more than short run average costs (SRAC) for a given Q.
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Honors price discrimination cross-elasticity of demand (percent change in demand for good X divided by percent change in price for good Y) income elasticity of demand (percent change in demand for good X divided by percent change in income) law of equiproportional marginal benefit condition for reducing production (MC > long run average costs (LRAC) are never more than short run average costs (SRAC) for a given Q.
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Honors price discrimination cross-elasticity of demand (percent change in demand for good X divided by percent change in price for good Y) income elasticity of demand (percent change in demand for good X divided by percent change in income) law of equiproportional marginal benefit condition for reducing production (MC > long run average costs (LRAC) are never more than short run average costs (SRAC) for a given Q.
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