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consumer=m with the help of indifference curve analyis
explain consumer equilibrium diagrammatically as well mathematically by using necessary and sufficient conditions
what does General Equilibrium in consumption means?
Consider what would happen if a taxes of 10000$ was imposed on imported automobiles on dealers.Using a demand and supply diagram, show its impact of price and quantity. Suppose the
Causes of inflation: Excessive growth in wages relative to productivity can cause inflationary pressures. This causes aggregate demand to increase relative to aggregate supp
in the context of managerial economics how do you explain a rational producer.illustrate giving example.
The demand curve for gasoline is P = 200 - 10Q. a. Find the elasticity of demand for a quantity of 8. Does this number imply that quantity demanded is sensitive to price change
What is indifference curve and its properties?
use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.
The Industrial Revolution The century after 1750, saw the industrial revolution proper: invention of steam engine, spinning jenny, power loom, hydraulic press, railroad locomot
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