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Price elasticity of supply – Computes the percentage change in quantity supplied resulting from a 1 percent variation in price. – The elasticity is usually positive as price
what is micro economics
Question 1: Using relevant examples to illustrate your arguments analyze the different economic impacts of tourism and discuss the different ways in which government can maximi
Given the cost function as C=0.3Q3 -2Q2 + 13Q + 25, find the supply function.uestion..
what is outputgap?
Allocative Efficiency The production of products and services such that stages of production are closely tied to levels of customer demand.
what do we mean by The narrowness of definition of the commodity.
what are the recommendations for effective economic planning?
what is the buying power of one''s income?
what is consumer''s choice involving risk.preference toward risk.
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