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Business, 01.07.2019 07:00 makoa

It's urgent and okay, this is economics and is an eight mark question, you can list a few points, the scenario is just below and then the question is just under that. sajid produces jars of honey and supplies them to local shops. he is concerned that demand for his honey has decreased. at the same time, there has been a greater percentage fall in the price of his honey than in the quantity he was selling. his friend, rahul, explained that this is because the supply of his honey is price inelastic. this has resulted in a fall in his profits. discuss the effects on a business, such as sajid's, of gaining internal economies of scale.

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