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Ask question using health care as an example explain how markets fail due to different types of externalities arising from jointness in production and consumption
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determination of interests rates in classical system
how slustky equation provides neat analytical expression for substitution and income effect?
"Consider a market with n firms occupied in Bertrand competition. These firms have in common dissimilar marginal costs but any number of them may also have equivalent marginal cost
The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded.
Causes of inflation: Excessive growth in wages relative to productivity can cause inflationary pressures. This causes aggregate demand to increase relative to aggregate supp
Change in consumer income: A change in consumer income may bring about a change in the quantity demanded of a good or service. However, the direction of change in quantity deman
factor afecting the demand for durable product
Optimum currency area: An optimum currency area (OCA), also known as an optimal currency region (OCR), is a geographical region in which it would maximize economic efficiency
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