Q1. What you know about Market responsiveness to the elasticity of supply, demand, or other kind of elasticity. In another word, which way business can use elasticity to get their goal, explain it by your own words based on examples.
Q2. Explain Advertisement elasticity of demand and the way that a manager can use this tool for better decision making.
Q3. Efficiency & Equity in Economics, what you know about it? Explain by your own words based on examples.
Q4. What is the welfare analysis in economics?
Q5. Explain the main kinds of markets in economics with examples for each.