How do implicit costs lead to a difference between accounting profits and economic profits Discuss the relationship between the demand function and the supply function Provide at least one example Discuss price elasticity and how it relates to customers and products In detail and using very very simple words ,Strictly no AI, with google scholar in text citations and references Instructions

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Question: How do implicit costs lead to a difference between accounting profits and economic profits? Discuss the relationship between the demand function and the supply function.

How do implicit costs lead to a difference between accounting profits and economic profits?
Discuss the relationship between the demand function and the supply function. Provide at least one example.
Discuss price elasticity and how it relates to customers and products. In detail and using very very simple words ,Strictly no AI, with google scholar in text citations and references

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