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Telecommunications industry in South Africa
Elasticity of Demand This is a measure of how responsive the sales volume of goods is to changes in that product's price, equal to the marginal change in sales, divided by the
model of sylos labini
calculate point elasticity of demand function Q=10-2p for decrease in price from Rs3 to Rs2
risk describe,prefrence towards risk,the demand for risky assets.consumer behaviour under asymmetricinformation
Differentiate between nominal and real exchange rate. Nominal exchange rate is the rate which actually prevails in the foreign swap market. The real exchange rate is the rate
When does deadweight loss occur to society? Applying consumer and producer surplus the efficiency costs of a tax: A tax causes a deadweight loss to society, since less the g
Price elasticity is used in economics to determine the changes in price of goods and services. It measures the change in price demanded and quality supplied. Determinants of pri
illustrate and explain the changing demand for big mac using indifference curve and budget line
Analyze the various ways in which property rights encourage economic development and make at least one recommendation for improving current laws. Explain your rationale.
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