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what is economic model and role of assumptions in it.
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types of cost
"price is becoming cheaper,yet the demand for car is not rising".does it mean law of demand is not operative?
Shor tage A condition under that the quantity demanded for a good or service exceeds the available supply for that good or service. Shortages usually cause a rise in price
What is the difference between economics and business? Economics is the study of how we, the people, engage ourselves in production, distribution and consumption of goods and
Explain the difference between elastic and fixed supply
How might a change in the exchange rate affect the domestic economy of the country? A change in the exchange rate - ceteris paribus - will alter relative prices between trading
explain main features of short run engineering cost theory
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