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what will be the effect on price and quantity when supply and demand changes in different directions but same magnitude?
a) Explain the conditions under which a monopolist is able to price discriminate. b) Demonstrate the relationship between a firm's marginal revenue function and its relationship
how the increase in price will affect consumer''s ability to maximise satisfaction?
substitution and income effect on inferior good
the price of a laptop increases by 20% and there is a 40% drop in the quantity demanded
value of marginal product
assumptions
Price elasticity of supply: It is the responsiveness of quantity supplied of a commodity to a change in the price of the commodity and measured as percentage change in quantit
Find the best response functions and the mixed strategies Nash Equilibrium if each player randomizes over his actions.
optimal contracts under symmetric information
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