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Define the term “cross elasticity of demand” (2 marks) Price of commodity X (SH) Demand for commodity X (Units) 12 80 16 100 20 120 24 140 28 160 d) The following data relate to a
What is the classical model's explanation for involuntary unemployment? According to the classical model, involuntary unemployment only increases when there is something impedi
Where minimum efficient scale is very huge for capital intensive operations, it may be more cost effective to allow one company to spread its fixed costs over a very huge number of
How does the indifference curve and budget line for a neutral good look like?
meaning of opportunity cost under theory of cost
What is meant by labor force? In economics the labor force is the group of people who have a potential for being employed. Normally, the labor force having of everyone above
brief explain of keynesian consumption theory
ways of imroving productivite
contrast the longrun equilibrium positions of monopolistic competition firm and oligopoly
How would you convert from moles of iron(III) oxide to moles of carbon monoxide?
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