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Q. Explain about Demand - Constrained?
Demand-Constrained: An economy is demand-constrained when level of output and employment is limited by the amount of overall demand (or spending) on its products. Capitalist economy is generally demand-constrained. Only rarely is the economy supply constrained: that is, limited by availability of workers and other productive resources.
why does the quantity of salt tend to be unresponsive to changes in its price
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Given the cost function as C=0.3Q3 -2Q2 + 13Q + 25, find the supply function.uestion..
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