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What are the factors that determine the volume of production?
use the concept of the income elasticity of demand to explain the difference necessities, luxuries and inferior goods
Question 1: A good internal transport network is a sine-qua-non condition for development. What are the problems of the transport sector? Question 2: ICT has a defin
choose a topic from microeconomics that matters to you and find a recent news article covering that topic?
elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2
How to solve economics assignment help?
Survey Methods: The most direct method of forecasting demand in the short run is survey method. Surveys are conducted to collect information about future purchase plans of the
RECENT DEVELOPMENT OF DEMAND THEORY: The basic theory of consumer behaviour discussed in the previous unit can be extended in many directions, and can be applied to cover opt
What are the main weaknesses of using demand-side policies? Trade-off issues a) Growth and low unemployment often come with inflation b) Government stimulatory policies m
Arc Elasticity is defined below: Arc elasticity measures/calculates the "average" elasticity between two points on the demand curve. The formula is simply given as (change in q
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