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What population information is needed by local authorities to provide the right number of primary and secondary school places? How would such information affect the plans of the lo
how to calculate growth rate in closed economy
Consider what would happen if a taxes of 10000$ was imposed on imported automobiles on dealers.Using a demand and supply diagram, show its impact of price and quantity. Suppose the
What are the determinants of income elasticity of demand? There are three determinants of income elasticity of demand. These are: Degree of necessity of a good: In a developed
Why do demand curves generally slope downward? The demand curve slopes downward because in general, the higher the price of the good, the fewer people will need to buy it.
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Explain the micro and macro economic issues that can be represented on the PPC
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use the concept of the income elasticity of demand to explain the difference necessities, luxuries and inferior goods
The Market for Pool Rafts The market for pool rafts in Playa del Largarto is competitive and includes no transaction costs. Five suppliers are willing to sell pool rafts in P
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