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QUESTION
(a) "There is always an inverse relationship between price and quantity demanded of a good." Discuss.
(b) Explain with appropriate diagram(s) the different factors that will cause a shift in the supply curve.
(a) Elaborate on the different types and causes of inflation.
(b) Explain the different types of unemployment that exist.
(c) Can high inflation rate and high unemployment occur at the same time? Justify your answer.
Discuss about the free market economy in short. Free market economy: Households own resources and markets assign resources throughout the price mechanism. An increase wi
If nominal GNP enhances at a rate of 10 per cent per year whereas the GNP deflator enhances at 8 per cent per year then show how much real GNP rises. Explain?
how economics useful for businesses
1. (classical monopoly pricing) A monopolist faces a demand curve q (p) = 100 p: (a) If its cost function is C (q) = 2q; what is the optimal level of price and quantity? (b
Why are countries that let people respond to the inborn profit motive better off than those countries that do not?
Hello, My name is Lis ... I have a homework assignment that is due and the latest it can be submitted is on Saturday May 4th. Please let me know how much it would cost and if it''
How can franchises ensure their products are appropriate for international markets?
The problem with the above method crops up when we want to compare two or more dissimilar (different sized) projects. A mega project may yield a very large NPV sum, whereas a mini
Assignment on discounting principle
How does colonial background influence the development process? Colonial experience influences: • Language for example the official language of US is English. • Legal and
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