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concept of narrowness in pure economics
plot the demand schedule and draw the demand curve for the data given for marijuana in the case above
Why narrowness of definition of a commodity may influence price elasticity of demand
what are the types of microeconomic analysis?
(a) Increase in technology and productivity take effect in the red bull market use and label a graph to explain the result of this change on each of the following (i) Market Pri
what are monetry accounts?
Durability of the Commodity: With some commodities, we require one at a time and they are used for a very long time before they get spoilt. Examples of such goods are cars, tele
Q. Explain General Equilibrium? General Equilibrium: Neoclassical economics presumes that production, employment, investment and income distribution are all determined by a con
example of marginal opportunity cost
when the demand function is 2Q-24+3P=0,find the marginal revenue when Q=3.
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