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Engel Curves -Engel curves relate quantity of good consumed to income. -If good is a normal good, Engel curve is sloping upward. -If good is an inferior good, the Engel c
Q. Define Migration in Microeconomics? Migration:It's the movement of human beings from one country or region to another. Sometimes migration is motivated by economic factors (
what is a sub game perfect Nash equilibrium
What are externalities? Give an example of positive and negative externality and explain why the market outcomes are inefficient in the presence of externalities?
THEORY OF CONSUMER BEHAVIOR: It is generally observed that market aggregate demand curve for a commodity is downward sloping, given other things. Our problem is to investigate
What population information is needed by local authorities to provide the right number of primary and secondary school places? How would such information affect the plans of the lo
effect of tariffs on national income and employment
Functions and Resources of the Bank The main functions of the Bank are as follows: • to assist in reconstruction and development of the territories of it member-governmen
Consider the market for purple magic markers. The demand for purple magic markers is perfectly elastic and the supply is upward sloping. If sellers of purple magic markers are taxe
Duopolist P=20-0.1Q where Q=QA+QB CA=QA CB=0.1QB2
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