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The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded. What would answer be
Is indian companies running arisk by not giving attention to cost cutting
What do you mean by Consumption Set? Consumption Set: We notice a consumer faced along with possible consumption bundles within consumption set X. We generally assume that X
Define Nash equilibrium
Increasing returns to scale and decreasing returns to scale: Increasing returns to scale occur when increases in all inputs by a certain percentage cause a relatively higher p
how has the haberlers theory of opportunity cost an improvement over the classical theory of trade
What is Deflation? Deflation in economics refers to reduce in the general price level, i.e. the nominal cost of goods and services as well as wages reduce. As, it is an opposi
define and explain the concept of social efficent production
factor influencing quantity supplied
Functions of money in any modern economy: A medium of exchange: Money facilitates the exchange of goods and services because, people exchange the goods and services they produ
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