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why does the quantity of salt tend to be unresponsive to changes in its price
scope of microeconomics
what happen when a new resources has been discovered for computer
According to the Linder theory ,trade will occur in goods that have overlapping demand. With aid of a graph ,illustrate this theory and its implications
What is contraction of supply?
Consumer Preferences Indifference curves represent all the combinations of market baskets which provide the same level of contentment to the person. Consumer Preferences
consumer equilibrium by indiffrence curve approach
What are corrective taxes? Why do economists prefer them to regulations as a way to protect the environment from pollution. Discuss
Uses and Habit Forming Commodity -price elasticity of demand: The number of possible uses : A commodity has high price elasticity of demand (or elastic demand) if it can be p
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