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Explain why both the PES and PED tend to be inelastic in the short run for primary goods. PED deals with (primarily) the ability and propensity of consumers to switch to other
The price elasticity of demand is how economists calculate the responsiveness of consumers to alters in prices for a commodity. In other words, as price enhances (reduces), the qu
prove the theorm with the help of diagram
Calculate the price elasticity of demand or supply for the following function when P=8 p=6(I)p=40-0.5q
STRUCTURE OF NATIONAL INCOME: The structure or composition of national income of an economy explains the relative significance of the different producing sectors in an economy
how does the prices system affect a country
The Technology of Production * The Production Process - Combining inputs or the factors of production to attain an output * Categories of Inputs (or the factors of prod
what is the influence of an increase of migrants on the market supply labour
what the third degree price discrimination with case study of two successfull and unsuccessfull cases?
what is reciprocal demand?
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