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Elastic and Inelastic Demand can be understood as follows: Slope and elasticity of demand have an inverse relationship between them. When slope is high elasticity of demand bec
ppc shows microeconomics
The prevention of major swings in economic activity can be handled most easily by the
1) Investments 1A) What are the two components to total return ? What does expected value measure? What does standard deviation measure? How can each result be
assignment on consumer equilibrium
Q. What do you meant by Investment? Investment: Investment represents production which isn't consumed though rather is utilized in the production of other additional output. In
Explain Monetarist and Monetary policy Monetarist: A group of economists who believe that alters in the money supply are the most effective instrument of government economi
The Budget Line The line BB gives the persons budget constraint. It is described by the linear equation c + wl = w; which can be rewritten as c = w - wl: The budget li
How has the haberler''s theory of opportunity cost an improvement over the classical theory of trade
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
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