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In the diagrams related to bandwagon effect, why do we say when the price is 30$ the demand is 40?
Why narrowness of definition of a commodity may influence price elasticity of demand
what is microeconomics in business decision
use the concept of the income elasticity of demand to explain the difference necessities, luxuries and inferior goods
GROWTH OF REGIONAL FINANCIAL INSTITUTIONS: We find many levels of groupings of nations in the international arena. Groups of countries that share borders often have semi-perma
What simplifying assumptions does the traditional macroeconomic model make (in addition to those made in the NIPA)? The simplifying assumptions are: 1) The household and i
. the condition for second degree of price
Is there any relation between inflation and unemployment? The Phillips Curve was a relationship among unemployment and inflation discovered by Professor A.W. Phillips. He foun
Why does a monopoly have no supply curve? A supply curve is a curve that shows the quantity supplied at dissimilar prices, as a monopoly sets the price and the quantity togeth
Which assumption of Classic OLS does this model violate?
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