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the prevalence of excess capacity is the direct consequence of the existence of monopolistic competition
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
Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the commodi
what is cob duglus production function?
explain the various marginal uses and limitations of break even poin?
income generation in a static and dynamic setting
Severe drought hit the coffee industry hard this year; as a result, more people are now switching to tea. The first table below shows the original supply and demand quantities in t
if a commodity has limited demand , should economist say that we still have a scarcity ?
What are the uses of elasticity to the private sector
Balance of payment: It is an account that summarizes a country’s total payments and total receipts from international economic transactions within a specific period usually on
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