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prove the theorm with the help of diagram
The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded.
How has the Haberler''s theory of opportunity cost an improvement over the classical theory of trade
what is traditional economy 2 features of traditional economy
4) The prevention of major swings in economic activity can be handled most easily by the A. household sector B. business sector C. financial sector D. government sector Explain
How does the indifference curve and budget line for a neutral good look like?
implications of varios market structure for price determination
1. Explain how the aggregate supply curve for the entire economy can be derived under; i. Classical assumption ii. Keynesian assumption 2. Explain how equilibrium can be a
Problem 1: i) How might unemployment arise? ii) Critically explain how fiscal policy can be used to reduce the unemployment rate in an economy. iii) ‘'Inflation always
Axioms: Revealed preference theory is based on the axioms listed below. • Consumer will spend all her income on goods. The consumer equilibrium always remains on the budg
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