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What are the determinants of income elasticity of demand? There are three determinants of income elasticity of demand. These are: Degree of necessity of a good: In a developed
It is necessary for the proper understanding of the price theory to know the various concepts of cost that are often employed. When an entrepreneur undertakes production of a commo
What is the theory of Second Best? Prove the theorem with the help of a diagram.
Trade union can also pay a useful role in improving the wages of the workers without causing adverse effects on employment. This case which is intensely associated with the idea of
Question 1: i) Use a simple human capital model to explain the rationale for undertaking higher education. ii) Why do some people vary significantly in the amounts of human
how to differentiate the exeptional demand and exceptional supply?
Distributive Bargaining An approach to negotiation that finds to divide up a fixed amount of resources.
Introduction for a natural monopoly assignment
Analyse the possible effects of speculation on exchange rates. Definition of speculation in currencies as betting on the appreciation/depreciation of a given currency. E
what are the majotr sources of monopoly
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