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Surplus The surplus is a condition under that supply for a good or service is in excess of the demand for that good or service. When this happens, there is commonly a reduction
calculate point elasticity of demand function Q=10-2p for decrease in price from Rs3 to Rs2
Q. What is Economic efficiency? Economic efficiency Explain a situation where the total value of the end uses, to which the resources are put, is maximised. A consequence is th
Let {(y i ; x i ); 1 ≤ i ≤ n} be an i.i.d sequence of random variables where yi and xi satisfy the linear relationship y i = β 0 + β 1 x i + ∈ i with Cov(x i ; ∈ i ) = 0
draw demand curve for a-phone explain how the graph, price ,and quantity demand will change if there is an overall increase in income.
what are the properties of indifference curve
Explain what the phrase “price rationing” means. Price rationing is the method by which the market system assigns goods and services to consumers while quantity demanded exceeds
"price is becoming cheaper,yet the demand for car is not rising".does it mean law of demand is not operative?
discuss the term of price mechanism,give examples to elaborate the concept clearly
A surplus on the current account of balance of payments can be financed by? 1. Inflow capital on capital account 2. A surplus on the government budget deficit 3. lending abroad on
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