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explain the cobweb model of equilibrium
what is non- collusioligopoly and how its price and output is determined
How can we identify that something is elastic or inelastic? When demand of any commodity does not change with the change in price of that commodity that item is said by inelas
Q. Level of aggregate demand in economy? Demand-pull inflation takes place when there is an increase in level of aggregate demand in economy. Aggregate demand comprises five co
indiffference curve
price of laptop increases by 20% and there is a 40% drop in the quantity demanded?
why does gap between the ATC curve and the AVC curve decreases as the level of output increases
This is the practice of maximizing profits and revenues and minimizing costs, using marginal analysis.
What is the difference between decreasing marginal returns and negative marginal returns?
Explain the importance of well-established property rights in the method of development. Definition of property rights should not begin and end with owning land and buildings b
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