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Prove that the utility approach and the indifference curve approach yield the same consumer equilibrium.
What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities
2. a. Suppose the demand for saline solution is perfectly inelastic for contact lens wearers. If the government imposes a tax on saline solution, what occurs? Be sure to tell what
Mathematical Derivation of ordinary demand function: Here we present the mathematical and more general proof of the above result. Consider, again, the initial price income sit
JOINT DEMAND AND COMPETITIVE
Hi I need help with elasticity. I think the problem has already been posted to your site.
Impact of Economic Reforms on Labour: It would be of interest to study the industrial relations scenario in the pre-reform and post-reform period. Data provided in table 8.4 r
You estimate that the price elasticity of demand for one-acre plots in Lusaka is -1.5 and that income elasticity of demand is 5. Land owners intend to increase the price of a one-a
identify any four other law of demand and give examples
Should the bank not have anyone to lend the demand deposit to (like that will ever happen) would the size of the money multiplier decrease? If so, why?
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