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LANTHENOIDS
Gasoline Rationing - In the year 1974 and again in the year 1979, the government imposed price controls on gasoline. - This resulted in scarcity and gasoline was rationed.
what is the influence of an increase of migrants on the market supply labour
Q=10-2P,PRICE DECREASE FROM RS 3 TO 2
Challenges and discussions
Explain the term Laissez-Faire The term "laissez-faire" is used to explain an economic system where the government intervene as little as possible and leave the private sector
monetary policy
Monopoly: Monopoly is a market structure in which there is a single firm producing a commodity or providing a service that has no close substitutes. As the sole supplier to it
Risk Neutral - A person is a risk neutral if they show no preference between certain, and an uncertain income with the same expected value.
Engel Curves -Engel curves relate quantity of good consumed to income. -If good is a normal good, Engel curve is sloping upward. -If good is an inferior good, the Engel c
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