There Are Pros and Cons Associated with Using E-Commerce as a Business

question 50

Essay

There are pros and cons associated with using e-commerce as a business model. What are the limitations of e-commerce for consumers?

Understand the impact of price changes on consumer demand and the Slutsky equation.

Comprehend the relationship between full income, taxation, and labor supply.

Analyze how income from various sources affects consumer choices and indifference between income sources.

Evaluate the effects of wage changes on labor-leisure choices and the backward-bending labor supply.