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A trend line can be fitted through a series graphically. Old values of sales for different areas are plotted on a graph and a free hand curve is drawn passing through as many points as possible. The direction of this free hand curve shows the trend. The main draw bask of this methods is that it may show the trend but not measure it.
Explain why each of the following factors may influence the own price elasticity of demand for a commodity. The narrowness of the definition of the commodity
Plot the demand schedule and draw the demand curve for the data given for Marijuana in the case above?
The reaction of nitrogen dioxide with fluorine 2 NO2 + F2 2 NO2F is first order in NO2 and first order in F2. Complete the rate law for this reaction in the box below. Use the f
How does the production possibilietes curve relate to present day economics?
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use the concept of the income elasticity of demand to explain the difference necessities, luxuries and inferior goods
M.Phil. Admission Test, 2017 Economics Model Question Group A Domain Knowledge in Economics Correct answer is as marked in black. Micro Economics 1. Consider a utility function U =
How might one measure differences in living standards between less developed and developed countries? This is a very wide question where any clear and relevant calculate shoul
i when should continue to produce in the short run
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