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What is contraction of supply?
Suppose we divide Canada into three regions; the west, the centre and the each
If demand goes down what happens to the equilibrium?
the law diminishing marginal utility explain through flow chart
What is opportunity cost? Answer: Opportunity cost is a term used in economics, to mean the cost of something in terms of an opportunity foregone (and the advantages that co
Measure Inflation : There are two common methods of measuring inflation: (i) percentage change in price index numbers (PIN) , and (ii) change in GNP deflator. The tw
SHORT PERIOD ANALYSIS: Short period in production refers to a time when some inputs remain fixed. A fixed input is one, whose quantity cannot be changed readily, whereas, a va
relation between production and consmption
need to get assignment on income effect and substuation effect how does increase in price of both comodity will affect the or show the new effect
Q. Explain about Counter-Cyclical Policies? Counter-Cyclical Policies:Governments may take many different actions to offset ongoing booms and busts of private-sector economy. T
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