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the price of a laptop increases by 20% and there is a 40% drop in the quantity demanded
explain graphically Equilibrium of a multi product firm
if nominal GDP in 2002 exceeds nominal GDP in 2001, did real output rise?
The raspberry growing industry is a perfectly competitive industry. The firms in the industry have a U-shaped LAC, minimum average cost is $8 and the minimum efficient scale is 4 u
central problems of capitalist economy
1. Refer to the data in the file "asm2Q1.xls" on the annual number of fatalities (FATALS, y ) from gas and dust explosion in coal mines for the years 1915 to 1978 and the number o
What is law of demand
Emergence and Persistence of Structural Imbalances: The period broadly corresponds to the period of the Sixth Plan and the Seventh Plan. The Sixth Plan was launched when the e
WHAT IS PPC
What is the theory of Second Best? Prove the theorem with the help of a diagram.
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