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why is the concept of elasticity crucial to the study of economics?
Assume that a shoe salesman learned the price elasticity of demand for her products is -1.5. How many percent will increase in total sales (revenue) if she cuts the price by 10%?
Problem 1: i) How might unemployment arise? ii) Critically explain how fiscal policy can be used to reduce the unemployment rate in an economy. iii) ‘'Inflation always
What are the differentiated conditions of economic issue? While discussing an economic issue, this is very important to differentiate between: (a) Two types of conditions: e
I need help with filling out the bank balance sheet.
list all the type of cost
critically evaluate the two main utility theories
What are the possible negative consequences of economic growth in a developing country? Define economic growth as an enhance in GDP during a given time period, and then define
equation for a demand curve is p=2/q. what is the elasticity of demand if price falls from 5 to 4
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