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Solve equation P=200-Qs and Qs=4.5p +5
Regulation is not a panacea. There are troubles with rate regulation. In our litigious society, the legal proceedings contained in rate regulation are not inexpensive for any of
New developments
Explain how automatic (fiscal) stabilisers may help to lower fluctuations in the business cycle. Definition of automatic stabilisers as built-in to the system in terms of trans
Why narrowness of definition of a commodity may influence price elasticity of demand
a) Joan's utility function can roughly be estimated as : U = 60Q 1 3/4 Q 2 2/3 She chooses from two composite commodities Q 1 and Q 2 whose prices per unit are kshs 20
elasticity of demand
Use two market diagrams to explain how an increase in state subsidies to public colleges might affect tuition and enrollments in both public and private colleges.
risk describe,prefrence towards risk,the demand for risky assets.consumer behaviour under asymmetricinformation
Williamson’s Model of Managerial Discretion
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