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the price elasticity for gizmos is known to be 1, if sellers of gizmos increase their
Use of Income elasticity of demand: Income elasticity of demand on the other hand, has the following uses (i) Income elasticity of demand shows how the pattern of consumer de
demand curve
what is a perfect competition and how does it differ from monopoly?
Why government cannot print new currency to pay the debts? When there is deficiency of internal resources then government borrow. Government can borrow either from central ban
How does a
Discuss how the opportunity cost principle influence a supplier''s decision to supply labour
What are the uses of elasticity to the private sector
different types of production funtion and curve given by different economist
What is Economics Trade Analysis?
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