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Define the shift in demand curve
To put it differently, demand for a commodity means entire demand schedule that demonstrates the varying amounts of goods purchased at alternative prices at a given time. Shift in Demand Curve. When demand curve changes its position retaining its shape (though not necessarily), the change is called as shift in demand curve.
who are the contributors in economics and what they contribute in economics
when firm can achieve optimization
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Total Cost (TC) This is the sum of fixed costs and variable costs i.e. TC = FC + VC.
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