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The assignment for the Principles of Microeconomics course (ECO302) due on November 18, 2025, requires students to calculate the income elasticity of demand for automobiles based on provided data. Students must interpret whether automobiles are luxury or necessity goods and classify them as normal or inferior goods. Important submission guidelines and deadlines are emphasized, along with a note regarding load shedding issues affecting timely submissions.

Author

Dilawar Rahman

Language

EN