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NEER Vs REER: In a situation where there are multiple trade partners, the effect of cross-currency movements are judged by nominal effective exchange rate (NEER) and real effe
What is inflation gap
Point Elasticity: Point elasticity is brought in use when the change in price is quite small, which means. The two points between which elasticity is being measured or calculat
what is Microeconomics?
how to compute the price of a laptop increase of 20% and there is a 40% drop in the aquantity demanded
use the concept of the income elasticity of demand to explain the difference necessities, luxuries and inferior goods
using necessary and sufficient conditions explain consumer equilibrium diagrammatically as well as mathematically
Consider what would happen if a taxes of 10000$ was imposed on imported automobiles on dealers.Using a demand and supply diagram, show its impact of price and quantity. Suppose the
edge worthmodel
Select the production possibilities curve for an economy with 42 units of labor
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