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Problem: i) What is meant by ‘own' price elasticity of demand? What factors are likely to affect the size of this elasticity? ii) A publicly owned bus line is running at
Problem 1: a) Explain the different types of unemployment that exist. b) Critically examine how monetary policy can be used to deal with inflation. c) Critically examine
Use a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labor:(a) an increase in immigration (b) more women en
How economic theory explain optimum pattern of consumption for an individual consumer
assignment
disadvantages of monopsony
The table shows the demand schedule of Taylor Swift’s concert ticket. Draw the demand curve for her concert ticket
1). Define and explain the concept of an externality. Provide examples of both positive and a negative externality. 2). The Prisoner's Dilemma Exercise:
brief explain of keynesian consumption theory
Five uses of elasticity on the Public Sector and five uses of elasticity on the Private Sector.
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