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Effected labor markets, If a minimum wage were imposed below the competitiv...
If a minimum wage were imposed below the competitive equilibrium what would we expect to observe in the effected labor markets?
What functions include of money, The functions of money include; (1) mediu...
The functions of money include; (1) medium of exchange, (2) store of value, and (3) a calculate of worth. Due to money is acceptable as a form of payment for all commodities,
Theory of product pricing, . the condition for second degree of price
. the condition for second degree of price
Exchange rates, EXCHANGE RATES: The current unit focuses on exchange r...
EXCHANGE RATES: The current unit focuses on exchange rates and is a more in-depth study of foreign exchange markets from the perspective of financialeconomics.You have been ac
Tax abolition, In the case of a tax abolition on food staples, what are the...
In the case of a tax abolition on food staples, what are the short run and long run effects?
Explain and illustrate the economy adjustment in medium run, 1- Suppose the...
1- Suppose the economy is currently in recession, and the exchange rate if fixed using the IS-LM model. a) explain and illustrate the economy adjustment ( in the medium run)
Price elasticity of demand, Problem: (a) Given TR = P×Q, Show that...
Problem: (a) Given TR = P×Q, Show that Note: TR is total revenue, P refers to price, Q refers to quantity demanded, MR denotes marginal revenue, and ε d shows the p
General, A tax imposed on a market with an inelastic demand and an elastic ...
A tax imposed on a market with an inelastic demand and an elastic supply will cause
Determinants of social demand for education - externalities, Determinants o...
Determinants of Social Demand for Education - Externalities The state has several objectives of which welfare and development of the people are most important. Promotion of cu
Elasticity, You estimate that the price elasticity of demand for one-acre p...
You estimate that the price elasticity of demand for one-acre plots in Lusaka is -1.5 and that income elasticity of demand is 5. Land owners intend to increase the price of a one-a
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