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Use of Income elasticity of demand: Income elasticity of demand on the other hand, has the following uses (i) Income elasticity of demand shows how the pattern of consumer de
discuss whether marginal utility is a realistic piece of economic analysis in explaining consumer demand
what is oxidizing agent
Jane receives utility from days spent travelling on vacation domestically(D) and days
when total production fall what,s the status of average product and marginal product
discuss ho capacity utilization and product differentiation affect internal rivalry and entry barriers with the analytical framework of the porter five forces model. use the econom
draw demand curve for a-phone explain how the graph, price ,and quantity demand will change if there is an overall increase in income.
Change in consumer Taste/preference: Any change in consumer taste or preference causes demand to change. Increased taste or preference for a particular good causes demand to inc
What are the properties of indirect utility function? Properties of the indirect utility function: While u(x) is continuous and monotonic onto R L + and (p, m) > 0, the in
Consider an economy with high innovative potential, but where saving is insufficient to fund innovative investments. Use Garrison's capital-based macroeconomics to explain how more
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