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The Market Mechanism Features of the equilibrium or market clearing price: – QD = QS – No shortage or scarcity – No extra supply price. – No pressure on th
How might a change in the exchange rate affect the domestic economy of the country? A change in the exchange rate - ceteris paribus - will alter relative prices between trading
what is demand function
What are markets types of markets
Ask question #Minimum sources of monopoly100 words accepted#
Shor tage A condition under that the quantity demanded for a good or service exceeds the available supply for that good or service. Shortages usually cause a rise in price
why risk averse consumers pay premium for insurance to convert an uncertain outcome to a certain one?
Explain three major barriers to development experienced by developing countries. Well, the scope of possible answers here is, em, wide, to say the least. The issue is not to si
What are the uses of elasticity’s to the public sector and private sector?
identify three factors to criticize the theory of consumer behavior or utility theory
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