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EXCHANGE RATES: The current unit focuses on exchange rates and is a more in-depth study of foreign exchange markets from the perspective of financialeconomics.You have been ac
REAL VERSUS NOMINAL PRICES • Nominal price is a complete or current dollar price of a good or service when it is sold. • Real price is the price related to a combined me
Explain the factors influencing the value of PED and yED. PED and YED should be explained and then dealt with in terms of determinants. PED is dependent on availability/closene
fundamental problems
If demand goes down what happens to the equilibrium?
indiffference curve
Ask question using health care as an example explain how markets fail due to different types of externalities arising from jointness in production and consumption
determinate equilibrium price and quantity. if Qd=7-1/2p AND Qs=1/4P-1/2
Australians are turning to scooters to combat escalating petrol prices. After a slump in the March quarter this year, demand for scooters was up by more than 7 per cent in the firs
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