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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/closeness of substitutes, time frame included, proportion of income spent on good.
YED depends on whether the good may be considered normal or inferior.
Plot the demand schedule and draw the demand curve for the data given for Marijuana
elasticity of demand for demand function Q=10-2p for decrease in price from Rs 3 to Rs 2
Who are the competitors in the jarred baby food market? What market share do they have? How do Heinz and Beech-Nut compete with one another? Are the barriers to entry high or low f
International Comparisons Method In the 1960s, a few developing countries of the world looked around the developed world in search of models of development. For instance, Sout
write about the origin of sylos labini''s limit pricing model
how does utility figure in the analysis of consumer demand
Duopolist P=20-0.1Q where Q=QA+QB CA=QA CB=0.1QB2
Engel Curves -Engel curves relate quantity of good consumed to income. -If good is a normal good, Engel curve is sloping upward. -If good is an inferior good, the Engel c
Reasons for International Trade?
the definition of exceptional supply curve
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