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Determinants of the price elasticity of demand are explained below: 1. Number of close substitutes present within the market - The more and closer substitutes available in the
What is consumer surplus? What is its significance and what causes it to change?
how can draw the table and diagram of production function function with one veriable
Q. Define Contribution Pensions? Defined Contribution Pensions: A pension plan which makes no specified promise about level of pension paid out after retirement. In its place,
Discuss about Modern economic growth Modern economic growth is also a shift in the kinds of things we do at work and play and in the way we live. Back in immediate aftermath of
All about matter
prove that the utility approach and the indifference curve approach yield the same consumer equilibrium
How economic theory explain optimum pattern of consumption for an individual consumer
Problem: (a) "Economics is the study of how society decides what, how and for whom to produce". Describe the importance of opportunity cost to a society. (b) Distinguish bet
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