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1. What are the uses of elasticity to the public sector and private sector? (20 marks)
2. a. Suppose the demand for saline solution is perfectly inelastic for contact lens wearers. If the government imposes a tax on saline solution, what occurs? Be sure to tell what
Consider the following insurance market. There are two states of the world, B and G, and two types of consumers, H and L, who have probabilities pH =0.5 and pL =0.25 (high and low
explain how the keynesian cross shows that the economy is susceptible to self-fulfilling prophesies, either positive or negative
when average product is decreasing, marginal product is?
explain graphically Equilibrium of a multi product firm
#what is exceptional supply curve
What is checkable bank deposits?
what are the forecasting techniques
#. The following information applies to the market for a particular items in the absence of a unit excise tax: Price($ per unit) Quantity Supplied Quantity Demanded 4 50
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