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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.
how does economics bridge the gap between economic teory and practise
Communications: Noting the importance of improved communications in increasing productivity and welfare, the New Telecom Policy (NTP) was introduced in 1999. NTP 99 was aimed
Define Nash equilibrium and explain with the help of the game ''prisoner''s dilemma''.
In the context of managerial economics how do you explain a rational producer. Illustrate giving example covering different dimention.
How has the haberler''s theory of opportunity cost an improvement over the classical theory of trade
different btn elesticity of demand and inelasticity of demand
Question 1: Define the concepts price elasticity of demand, income elasticity of demand and cross elasticity of demand and explain how these concepts can be useful to the man
consumers oriented application
The cross elasticity of demand calculates the responsiveness of the quantity demanded of one product to alters in the price of another product. For example, the quantity demanded
Monopoly: Monopoly is a market structure in which there is a single firm producing a commodity or providing a service that has no close substitutes. As the sole supplier to it
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