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In the diagrams related to bandwagon effect, why do we say when the price is 30$ the demand is 40?
Ways in which the markets fail and discuss why government intervention is justified and whether government intervention works or not.
Aggregate Demand For Wheat The demand for U.S. wheat is comprised of domestic demand and export demand. The domestic demand for wheat can be given by the equation: -QDD =
Diversification - Assume that a firm has a choice of selling air conditioners, heaters, or both of them. - The probability of it being hot or cold is 5%. - The firm woul
what is demand function
meaning, scope, nature
what are the relevance of economics to most business today??
The raspberry growing industry is a perfectly competitive industry. The firms in the industry have a U-shaped LAC, minimum average cost is $8 and the minimum efficient scale is 4 u
How is microeconomics differed from macroeconomics? Microeconomics focuses onto how decisions are made through individuals and firms and the effects of those decisions. For exa
the existance of a labor marketcharacterised by perfect competition is a fallacy.discuss
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