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The U.S. automobile industry, the soft-drink industry, the brewing industry, segments of the fast-food industry, and airplane manufacturers. Oligopoly will usually produce less tha
causes of market failure and its solutions?
subsitution effect dominate tha income effect in which good case?
Dynamic model
give assumption, rules/formulas and demonstrate that ramsey prices are the seconnd best pricing. explain clearly.
is south africa''s economic system now more allocative efficient
Elasticities of supply and demand Other Demand Elasticities – Income elasticity of demand calculates the percentage change in quantity demanded resulting fro
Explain how a country can peg (fix) its currency to another currency. Explanation of a pegged/fixed currency should centre on how the central bank uses the currency market mech
explain consumer equilibrium diagrammatically as well mathematically by using necessary and sufficient conditions
What is the difference between price value and price level? Price value is the value of commodity bought by the consumer at a certain price from the market, while, price level
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