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Statistical methods are considered to be superior techniques of demand estimation because:
a. The element of subjectivity in this method is minimum,
b. Methods of estimation is scientific,
c. Estimation is based on the theoretical relationship between the dependents and independents variable ,
d. Estimates are relatively more reliable and
e. Estimation involves smaller cost.
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Micro economics is the study of individual unit of an economy
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BALANCE OF PAYMENTS AND PROBLEM OF DEFICITS: The principal tool for the analysis of the monetary aspects of international trade is the balance of international payments set
Analyse the method by which a firm can allocate the given advertising budget between different media for advertisement?
Business sell to households in the resource markets, but households sell to businesses in the product market
More details on mixed bundling
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