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what is the profit maximising quantity of L
Why is high unemployment considered a bad thing? High unemployment means that a nation's resources are underutilized. It also poses great psychological, economic, and social c
What is Deflation? Deflation in economics refers to reduce in the general price level, i.e. the nominal cost of goods and services as well as wages reduce. As, it is an opposi
Demand Function The function capturing the dependent relationship between the price people are willing to pay for products or service and other factors related to that product
Why narrowness of definition of a commodity may influence price elasticity of demand
what are the factors causing oligopoly market?
Illustrate the roles of mathematics in modern economics? Roles of Mathematics in Modern Economics: Mathematics has become a significant tool into modern economics. Mostly
Continuity and Regularity: We should make it a point that once we have entered the market for a particular commodity and have gained some foothold in it, we must strive to ma
For the following assume that b=.95 1, If the economy is short of the full employment level by 1.5 trillion, what could be done in the simple Keynesian cross model to fill the ga
draw demand curve for a-phone explain how the graph, price ,and quantity demand will change if there is an overall increase in income.
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