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a consumer consumes only two goods x and y is in eqillibrium price of x falls explain the reaction of consumer through utility analysis
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Once countries already have a high level of production, how might they achieve living standards growth? Once countries achieve a high level of production, they might be achiev
What is methodological economics? how its significance, Describe use of methodological economics...
Suppose that the U.S. Department of Agriculture (USDA) administers the price floor for cheese, set at $0.17 per pound of cheese. (The price floor is officially set at $16.10 per hu
"price is becoming cheaper,yet the demand for car is not rising".does it mean law of demand is not operative?
Explain the link between the rate of interest and inflation. Interest can be explained as the price of money - more expensive money will lead to few loans, higher saving and as
herberler theory of opportunity cost
What is law of demand
American Long Run Growth, 1800-1973 Throughout the 19th and the first three quarters of twentieth century the measured pace of economic growth continued to accelerate. The meas
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