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Solve equation P=200-Qs and Qs=4.5p +5
Problem 1: a. Describe the term ‘inflation' and explain the relationship between money supply and inflation. b. Describe the conditions and processes that are associated wi
use the concept of the income elasticity of demand to explain the difference necessities, luxuries and inferior goods
Problem: (a) Why is an error term added to a regression and explain its importance in the OLS procedure? (b) Suppose we have a linear equation with a constant term, one expl
New developments
definition
schedule and diagram of iso cost
Discuss MO theory in detail?
what are things you need to look in manner of functions,elements,purpose,types and definitions?
having utility function U(x,y)= x1/2=y1/2, determine the hicksian demand function, expenditure function and indirect utility function.
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