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If we have two products, A and B, which are substitutes, we can expect that a rise in the price of A (or B) will cause the demand for B (or A) to go up.” Examine this statement wit
is a hotdog vendor''s stand a good example of diseconomics of sale?
Is there a trade-off between inflation and unemployment? The Keynesian side posits that policies can indeed be used to stimulate demand - demand-side policies - and those mar
explain the main criteria for classifying firms into industries.which criteria serve the better and why?
Cost Push or Supply Inflation: It is a situation where the process of increasing price level is caused by increasing costs of production which push up prices. Cost push infla
Supply of a commodity is functionally related to its price. The law of supply rated to this function relationship between price of a commodity and its supply. In contrast to the in
prove that the utility approach and the indifference curve yield the same consumer equilibrium.
types of elasticity of demand
marginal utility is applied on money or not
#question.theories of cost
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