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What are the properties of consumer demand?
Properties of Consumer Demand:In this section check the comparative statics of consumer demand behaviour as: how the demand of consumer changes as prices and income vary.
a. Income Changes and Consumption Choice
b. Price Changes and Consumption Choice
c. Income-Substitution Effect: The Slutsky Equation
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If the inverse demand curve is p=120-Q and the marginal cost is constant at 10, how does charging the monopoly a specific tax of r=10 per unit affect the monopoly optimum and the w
Suppose a banking system with the following balance sheet has no excess reserves. Assume that banks will make loans in the full amount of any excess reserves that they acquire and
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Explain about the integrability problem. The Integrability Problem: Provide a system of demand functions x(p, m). Is there essentially a utility function by which such deman
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