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When you drop by the only coffee shop in your neighbourhood, you notice that the price of a cup of coffee has enhanced considerably since last week. You decide it's not a big deal, as coffee isn't a big part of your over-all budget, and you buy a cup of coffee anyway. Most of the other coffee drinkers who frequent the coffee shop make a similar calculation. Therefore, the demand for coffee in your neighbourhood is relatively
Inflation is not possible under the gold standard.” Is this statement true, false, or uncertain? Explain your answer.
Consider the following: The city council has just approved the construction of a water park in your town. You are responsible for studying the impact of the new water park on the l
"As long as consumers are willing to pay a positive price for a good, the larger is the quantity formed, the greater is the total surplus from trade." Explain this statement if i
marginal conditions of pareto efficeincy
Q. What is Debt Burden? Debt Burden:Real economic importance of a debt relies on interest rate that should be paid on debt and on total income of consumer or business which und
meaning of economics laws
what is outputgap?
"price is becoming cheaper,yet the demand for car is not rising".does it mean law of demand is not operative?
Theories and Models ?? Microeconomic Analysis – Theories are taken in use to describe the observed phenomena in terms of a set of essential rules and
please can you explainn what "down 0.1 percentage point on the quarter means"?
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