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Change in consumer income: A change in consumer income may bring about a change in the quantity demanded of a good or service. However, the direction of change in quantity deman
Amartya Sen''s concept of poverty and welfare.
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
Distributive Bargaining An approach to negotiation that finds to divide up a fixed amount of resources.
As stock markets have crashed, and uncertainty has increased, consumers move their money to the safest currencies and countries in the world. Predict the effects of an increase in
Q. Explain Labour Intensity? Labour Intensity: Ratio of labour effort expended, compared to total on-the-job compensated labour time. A higher ratio of labour intensity reflect
a 12 page project
Using the key distinguishing features of any market structure describe the market structure for the South African mobile telecommunications industry
define and explain the concept of social efficent production
hoe does the knowledge of price elasticity of demand important to the government
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