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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.
Why narrowness of definition of a commodity may influence price elasticity of demand
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how to solve the credit multplier
diffence b/n fixed and variable input
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Suppose that the following equation characterizes the demand for primary education in a developing country X: Q = 100 – 2P Where Q is quantity demanded in years of schooling and
explain the concept economies/diseconomies of scale and minimum efficient scale
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