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What is snob effect
Explanatory research is research conducted in order to describe any behavior in the market. It could be done by using questionnaires, group discussions, random sampling, interview
Elasticity help
Consider what would happen if a taxes of 10000$ was imposed on imported automobiles on dealers.Using a demand and supply diagram, show its impact of price and quantity. Suppose the
Nature of Expectations in Keynes' Theory : The above discussion on the nature of expectations in Keynes' theory may be summarised as follows: 1) In forming long-term expec
What is consumer surplus? What is its significance and what causes it to change?
detail of consumer surplus with examples
calculate point elasticity of demand function Q=10-2p for decrease in price from Rs3 to Rs2
An economist's view of costs contains both explicit and implicit costs. Explicit costs are accounting costs, and implicit costs are the opportunity costs of an allocation of resou
project on visit to village for agriculturebased project
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