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If a minimum wage were imposed below the competitive equilibrium what would we expect to observe in the effected labor markets?
How the inflation effect on the Import and Export of the country? When general price level enhances in an economy, local currency is devalued. Economy has to spend more on imp
This is a very common methods of forecasting demand. Under this methods a relationship is established between quantity demanded( dependent variable) and independent variables such
First Degree Price Discrimination - The monopolist sells different units of the commodity at different prices which differ from person to person. Second Degree Price Discriminat
price of laptop increases by 20% and there is a 40% drop in the quantity demanded?
the conclusion
Does the curve represent if the risk is NOT taken and the line connecting two points on the curve represents if the risk IS taken?
suppose you have a coffee shop. list of fixed input and variable input for operating the shop
A firm in a perfectly competitive product market takes the price of the product as given. Similarly, a firm in a perfectly competitive factor market takes the price of the factor
Analyze the sustainable approach to waste reduction developed by the company you selected. Include the following: Its products Previous methods of production The way it implemented
State about the prices - Price level Prices are of great significance in macroeconomics as indeed they are in microeconomics. Though, in microeconomics we are more interested i
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