Question: a) if %QAB=-25% and %PCD=50% [note: AB and CD are the name of two different products]. What is the relationship between AB and CD? Justify

a) if %QAB=-25% and %PCD=50% [note: AB and CD are the name of two different products]. What is the relationship between AB and CD? Justify your answer.

c) If a product named Z has perfectly elastic supply and downward sloping demand curve, then who will bear the burden of tax? Briefly explain it with a suitable graph.

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