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Commodities that are viewed as luxuries typically have price elastic demand, and commodities that are requirements have price inelastic demand. There is easily no substitute for a
what is the significance of the Loucas critique in political economy?
discus how opportunity cost influence supplier''s decision to supply labour
A firm is currently operating where the MC of the last unit produced = $84, and the MR of this unit = $70. What would you advise this firm to do?
Entrepreneur: The entrepreneur or enterprise is a special factor of production that is in charge of the organization of the other three factors of production (land, labour and
the general characterictics of economic models,its limitations and verification
trend and structure of national income in nigeria
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
Could I have examples of syndicated and organized oligopolies with companies as examples
What is a negative externality?
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