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Suppose the price elasticity of demand for used cars is estimated to be 3 what does this mean?
ACCOUNTING SYSTEM-EXAMPLE III Now suppose the Jam Co. manufactures some herbal chemicals and flavors which it sells partly to Extracts Co., partly to Bottling Co., some are co
The manager of the world famous Koala Caves offers a tour each afternoon starting at 3pm. The caves can be shown to only four people per day without undermining their ecology. Occa
ABSOLUTE ADVANTANGE \
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when domestic currency becomes more valuable in terms of foreign currency, the domestic currency is said to have
Describe dynamic multiplier
The LM curve with inflation We know that LM curve will shift upwards when P increases (presuming MS is constant). This is still true though we can also add that LM curve glid
factor for long run trend of term of trade
From California to New York, legislative bodies across the United States are considering eliminating or reducing the surcharges that banks impose on noncustomers, who make $14 mill
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