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What is Economics? Economics is explained as the study of how people choose to use their scarce resources in an attempt to satisfy their unlimited wants. In other words, we h
sir explain me about all things of microeconomics
looking for information to complete essay, info looking for What is elasticity and its calculations for the price of a lap top, that increases by 20% and there is a 40% drop in qua
define economics in plural sense. .
Diffrence between price and Income elasticity of demand: Own price elasticity of demand is the degree of responsiveness of the quantity demanded of a commodity to a change in
would a rational producer be concerned with the average or marginal product of an input in dec
Factors of Production : The factors of production are the resources that are essential for production. They are usually separated into 4 dissimilar groups: Land - all natu
A newspaper recently lowered its price from 50 cents to 30 cents. As it did, the number of newspapers it sold increased from 240,000 to 280,000. i) Over this price range what
using necessary and sufficient conditions explain consumer equilibrium diagrammatically as well as mathematically
I want to know all about equilibruim consumer equilibruim firms equilibruim nd market equilibruim technically also??
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