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Price Elasticity
A measure of the change in demand for a product relative to unit changes in the price of the product. If the percentage change in quantity demanded is greater than the percentage change in price there is the response to a change in price is said to be elastic.
consumer surplus fot tea
income=100 price of x=5 price of x2=10 find consumer equilibrium with diagram
an increase in immigrants
what is fractional reserve and how does it affect money supply?
Economists view depreciation as capital consumption for them, there are two distinct ways of charging for depreciation (1) the depreciation of equipment must equal its opportunity
i want an application on indifference curve of a specific firm? can i get it easily?
using the tools of an indifference curve and isoquent, highlight on consumption and production in business economics.
what is cardinal utility. Please give an example
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limitations
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