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explain how a perfact market responds to changes in consumer demand?
a) Examine at least three (3) possible areas for the industry that could lead to transaction costs, and describe each in detail. b) Speculate about the behaviour that could
Nations trade what they produce in excess of their own consumption to:
if a monopolist makes economic profits, new firms enter the market and compete with the monopolist in the long run.
Real and nominal GDP, GNP, and Intrest rates, Stock & flow variables, Disinflation, Inflation rates, unemployement rates, labor force, participation rate, output per person, GDP d
what is the theory of second best ? prove the theorem with the help of a diagram ?
. the condition for second degree of price
What are the basis for International Trade?
meaning, scope, nature
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