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what is supply and demand
Closesubstitute goods: The number of closesubstitute goods The more substitutes of good has and the more close the substitutes are, the more elastic the demand for the good. Fo
Non-existence of Objective Probability Distributions : Let us see why expectations are volatile in nature? According to Keynes (1936, pp. 149): "Our knowledge of the fact
any village panchayat in west bengal and get information for doing a project.
Economic Rent - Economic rent is difference between what firms are willing to pay for the input less the minimum amount required to obtain it. * An Example - There are tw
explain budget line?
Illustrate about the elasticity of substitution. The Elasticity of Substitution: The technical substitution’s marginal rate measures the slope of an isoquant. As well the el
determinate equilibrium price and quantity. if Qd=7-1/2p AND Qs=1/4P-1/2
What is the theory of Second Best? Prove the theorem with the help of a diagram.
what is The most important source of oligopoly?
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