supply and demand, Business Economics

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analyse the effect of an increase in the price of sim cards on the equilibrium price and equilibrium quantity of cellphones handsets

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There, you can obtain the available data on GDP and its components. a. What is the value of nominal GDP during the past 5 years? b. What is the GDP deflator in 2006? c. Wh

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Is structural change a problem? Economies are dynamic and adapt to meet evolving consumer wants needs. This means resources are moved from use to use in response to, say, chan

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What are institutions? Institutions are formal organisations as like: • Government : the group of some people and institutions who control and manage a country Civic socie

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First-in First-out Method (FIFO) A technique of inventory valuation based on the concept that merchandise is sold in the order of its acknowledgment. In other words, if an elec

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You are allocating money between pizza and Chinese food over a month. You like a variety.   (a) Letting C denote the quantity of Chinese meals you consume in a month and P denot

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what are the factors that affect the volume of production in economy

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How can the savings gap be plugged, How can the savings gap be plugged? ...

How can the savings gap be plugged? Low savings are a barrier type to growth. All developing countries have low incomes therefore low savings. A savings gap can be met through

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