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How does a per unit tax affect consumer surplus.
explain why policies for promoting market competition are desireable
defin giffen goods?
Why is high unemployment considered a bad thing? High unemployment means that a nation's resources are underutilized. It also poses great psychological, economic, and social c
the existance of a labor marketcharacterised by perfect competition is a fallacy.discuss
according to Tobin 1993,examples of Keynesian unemployment includes situation where
What are the properties of the profit function? Properties of the Profit Function: The properties specified below follow solely by the assumption of profit maximization. No
Suppose the demand curve for a consumer for coffee is: Q = 6 – 2P, where Q represents the number of cups per day and P is the price of coffee per cup. Question: Suppose the
Explain how Keynesian economics views the role of markets and government intervention in fighting business cycles. Keynesian economics believes markets frequently fail and gov
factor influencing quantity supplied
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