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Decrease in Demand At the initial equilibrium price P 1 , quantity demanded falls from q 1 to q d . But the quantity supplied is still q 1 at this price. Hence, this
FACTORS AFFECTING THE ABILITY OF TRADE UNIONS TO GAIN LARGER WAGE INCREASES FOR ITS MEMBERS The basic factor is elasticity of demand for the type of labour concerned. The ela
example problems for the types of pricing
Assignment about law of variable proportion
I. A farmer – businessman is in a quandary as to what crop to plant in his land. He has the option to plant Crop A, Crop B, or Crop C. f the weather turns out to be good and the
a) A change in demand means that: b) On the production-possibilities drawing, unemployment is represented by:
Q. Explain about Regression analysis? Regression analysis is the statistical technique which identifies the relationship between two or more quantitative variables: a dependent
Ask questiHow does economic theory contribute to managerial decisions? on #Minimum 100 words accepted#
factors affecting demand forecasting
Q. Types of production function? Production function is of two different forms: The variable proportion production function The fixed proportion production functio
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