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Explain how the price system eliminates a surplus. The meaning of surplus is that quantity demanded is less as compared to the quantity supplied. This will lead to downward pr
income=100 price of x=5 price of x2=10 find consumer equilibrium with diagram
Q. Explain about Capacity Utilization? Capacity Utilization: A company or economy's capacity represents maximum amount of output it can produce. Rate of capacity utilization, h
Explain about the integrability problem. The Integrability Problem: Provide a system of demand functions x(p, m). Is there essentially a utility function by which such deman
on what grounds is consumer surplus criticised?
This involves the characteristics of the production human as well as non human using the product concerned. For example it may pertain to the number and characteristics of children
What are the basic analytical frameworks of modern economics? The fundamental analytical framework of modern economics: The fundamental analytical framework for an econom
suppose ismail were to eat five pizzas per week.what is the total value ismail would place on his five weekly pizzas?
role of www in ecommerce
The distinction between supply and the quantity supplied is best made by saying that
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