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Comparison of sameulson revealed preference theory with the Hicksian revealed preference theoru
Suppose that the following equation characterizes the demand for primary education in a developing country X: Q = 100 – 2P Where Q is quantity demanded in years of schooling and
cars:0,2,4,6,8 tow truck:30,27,21,12,0
Assume you go to the market to buy apples (x1) and oranges (x2) and discover that the price of apples is 1 euro per unit and the price of oranges is 1 per unit when you buy less th
what are the benefits of natural resources and industryquestion..
Features of monopolistic competition: Large number of firms in the industry. There are many small firms each supplying only a small share of the total market output. Hence, no
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why slopes of is and lm curves affect effectivness of fiscal and mnetary policy?
Explain the key assumptions and desired properties commonly used economics. Economists generally make all or some of the given key assumptions and a condition while they study
what is supply and demand
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