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Q. Central Planning of economic system?
Central Planning: An economic system in that crucial decisions regarding consumption, investment, exchange rates, interest rates and price determination are made by central government planners (instead of determined by market forces)
What are the properties of compensared demand function
Point Elasticity of Demand - For large price changes (such as 20%), value of elasticity will depend upon where price and quantity lies on demand curve. - Point elasticity me
Prove that utility approach and indifference curve yield the same consumer equilibrium
During summer of 2006, China increased their reserve requirement for the banking system while maintaining a fixed target for the interbank lending interest rate. Draw a graph of th
In markets, the invisible hand allocates resources efficiently a. in all cases b. when there are positive externalities, but not when there are negative externalities c. when there
b) Why is monopoly considered to be generally against public interests, and what policy instruments can be used to regulate monopolies?
what is microeconomics
Lynne’s income is $2, 000 and she is risk averse. The probability of someone slipping on her stairs is 1 8 . If this happens, she will be sued for $1, 000 and will have to pay that
suppose you have a coffee shop. list of fixed input and variable input for operating the shop
what will be the effect on price and quantity when supply and demand changes in different directions but same magnitude?
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