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the diagram used to illustrate abnormal and normal progits
The Market Mechanism Features of the equilibrium or market clearing price: – QD = QS – No shortage or scarcity – No extra supply price. – No pressure on th
How does the indifference curve and budget line for a neutral good look like?
"price is becoming cheaper,yet the demand for car is not rising".does it mean law of demand is not operative?
This is a very common methods of forecasting demand. Under this methods a relationship is established between quantity demanded( dependent variable) and independent variables such
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
Indifference curve term paper
Difference between accounting profit and economic profit: The difference between accounting profit and economic profit is that economists include in total cost of production b
Banks: A company which accepts deposits and issues new loans. It makes profit by charging more interest for loans than it pays on deposits, and through several service charges. By
Capital formation: Growth Economists believe that accumulation of capital is one main source of growth of an economy. Emphasis is given to the accumulation of more capital pe
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