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For you and other Mexican farmer-ranchers rice is a substitute good for corn as basic food stuff for human consumption. If the market price for feed corn and rice were the same before the announcement of the corn subsidy and the lay-offs, on the graph below show how the announcements will affect the rice market. If you shifted something around explain why. If you left the rice market graph unchanged, explain why.
Q. Show factors that govern the Price Elasticity of Demand? a. The number and closeness of the substitutes- The more and the better the substitutes, the grater is the Price Ela
Deposit K4000, liquid asset k1000, loans K4000. what is current liquid asset?
Monetarism This school argues that disturbances within the monetary sector are the principal causes of instability in the economy. According to monetarists, the money supply i
Suppose the price level in year 2009 is 100 and $100 buys 100 notebooks that year. If the price level rises to 125 in year 2010, what is the new value or purchasing power of the do
explain with illustration the meaning of credit creation in commercial banks
Q. Explain the classical growth theory? Production function won't provide us with a theory or explanation of growth. It's only a convenient tool that helps us breaking down gro
If you take nations total income and subtract out private consumption government consumption what you will find?
List the 3 factors that determine the price elasticity of demand? State the factor that determines the price elasticity of supply?
This economics of scale exist for all of the following reasons except: a. bureaucratic inefficiencies b. management problems c. failures in information flows d. firm size is to
Discuss about real verses nominal gross domestic product. Real verses Nominal Gross Domestic Product: Real Gross Domestic Product: the value of the concluding goods and se
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