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What are the determinants of income elasticity of demand? There are three determinants of income elasticity of demand. These are: Degree of necessity of a good: In a developed
How is the wrong conclusion result in necessary condition not in the sufficient condition? This is often heard that the market institution must not be used based onto the fact
How would you construct an estimate of marginal cost, & ?C(w, y) , in each period? ?Y
Price elasticity is used in economics to determine the changes in price of goods and services. It measures the change in price demanded and quality supplied. Determinants of pri
I have 3 questions regarding the economics of potlatch, 1.) What is the economic purpose of potlatch? I don''t fully understand this question... I believe potlatch is a gift econ
I want to know all about equilibruim consumer equilibruim firms equilibruim nd market equilibruim technically also??
Distributive Bargaining An approach to negotiation that finds to divide up a fixed amount of resources.
Development plan: A Development Plan is a document which contains a policy framework and programme of development for a time period for a country. It sets out the general meas
Explain the meaning of the statement "coffee and tea are close substitutes".
the definition of exceptional supply curve
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