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INDIVIDUAL DEMAND * Price Changes - Using figures developed earlier, the impact of a change in price of food can be shown by using indifference curves. Effect of Price
would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
Type of total outlay
what are the practical importance of income elasticity of demand?
Optimum currency area: An optimum currency area (OCA), also known as an optimal currency region (OCR), is a geographical region in which it would maximize economic efficiency
ppc shows microeconomics
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what is the assumption of the model ?
How does planning serve as a solution to economic problems?
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