In December 2024
Answer to Question #342475 in Marketing for noor
When the price of a cup of tea is BHD 0.200, each MBA student will demand 2 cups of tea every day. There are 75 MBA students. When the price goes up to BD 0.300, they will demand just 1 cup of tea each day. Derive the market demand curve of tea for MBA students. Find the price elasticity of individual as well as the market demand curve.
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