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using the aggregate demand and supply model (x axis is national output and y axis is price level) if an economy is in a state of disequilibrium where supply is excess of demand u
Short run production period and long run production period: The short run is a period of production during which some factors of production are fixed and some too are variable
are most local phone companies natural monopolies?
Participation in Global System of Production: As national economies are getting more inter-linked, the share of foreign components in most manufactured products is progressiv
Question (a) Describe clearly the three concepts of elasticity of demand. Use appropriate examples and diagrams to support your answer. (b) Consider you have been appointed
Effects of inflation: On Income Earners:Those on fixed incomes or assets (fixed in nominal terms) lose. However, those on incomes, which are directly related to the price leve
use a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labour on an increase in immigration..
the law diminishing marginal utility explain through flow chart
what are the uses of elasticity to the private sector
what are the main properties and assumptions of indifference curve
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