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When is the price of a product demand determined?The price of a product is demand defined while the product is in fixed supply. This means that the price of the product is defined only by the amount that the highest bidder (or bidders) is willing to pay.
Why does a monopoly have no supply curve? A supply curve is a curve that shows the quantity supplied at dissimilar prices, as a monopoly sets the price and the quantity togeth
In a perfectly competitive market the price of the product is?
Perfect competition: The behaviours of firms in perfect competition. It should be noted that firms that fit into perfect competition model are very rare in real-life situation
Sir i am the student of MSC Economcis frin Dustabce University (AIOU)from Islamabad (Pakistan)my name is Mohammed Bilal Farooq and required the answer of the following questions Q
What is International Trade Economics, Explain study area of international trade economics.
would a rational producer be concerned with the average or marginal product of an input in dec
Why in 1996 did the BEA switch to calculate real GDP using the "chained-dollar method" from the "constant-dollar method"? The BEA made the switch from the constant-dollar metho
law of diminishing marginal returns does not hold then output of the world can be produced in a flower pot. Explain?
Q=2h find the marginal point. where q is the quantity of electricity in MW-h and h is the amount of water (in 100s of liters per hour)
I need help with tutoring session for an economic coursework
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