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if a commodity has limited demand , should economist say that we still have a scarcity ?
the law diminishing marginal utility explain through flow chart
Strictly give the diff. btw the theory of reciprocal demand & theory of comparative advantage
THEORY OF CONSUMER BEHAVIOR: It is generally observed that market aggregate demand curve for a commodity is downward sloping, given other things. Our problem is to investigate
what are the properties of marshallian demand function
1. "Price discrimination allows a monopoly to increase its economic profit by capturing part of the consumer surplus and turning it into economic profit. Such a situation however l
"Describe the current Australian economic situation and support your claims with relevant economic indicators and variables. The RBA has maintained the cash rate of 4.75% for the
Problem: i) What do you meant by the term ‘economic efficiency'? ii) By using appropriate examples differentiate between fixed and variable costs. iii) Consider different
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need to get assignment on income effect and substuation effect how does increase in price of both comodity will affect the or show the new effect
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