Point elasticity of demand, solution for calculate price elasticity of dema...

solution for calculate price elasticity of demand for demand function Q= 10 - 2p for decrease in price from Rs. 3 to Rs.2..

Revealed preference theory, discuss the revealed preference theory of consu...

discuss the revealed preference theory of consumer behaviour

Model of sylos labini, model of sylos labini

model of sylos labini

Define the generality of economic theory in modern economics, Define the ge...

Define the generality of economic theory in the modern economics. Generality of Economic Theory An economic theory is based onto assumptions imposed onto economic environmen

The lower the value MR of monopolist ,

Long run equilibrium - perfect competition, Long run equilibrium - Perfect ...

Long run equilibrium - Perfect competition: In the long-run, on the other hand, the firm in perfect competition is making normal profit or zero economic profit as shown in Fig

Demand pull inflation, Demand Pull Inflation: It describes a sustaine...

Demand Pull Inflation: It describes a sustained increase in the general price level that is caused by a permanent increase in nominal aggregate demand. Simply, is can be view

What is economics, What is Economics?  Economics is explained as the s...

What is Economics?  Economics is explained as the study of how people choose to use their scarce resources in an attempt to satisfy their unlimited wants. In other words, we h

Monopoly, how is monopoly different from opligopoly

how is monopoly different from opligopoly

Constructive political process for deficit, When Stockwell Day was leader o...

When Stockwell Day was leader of the Canadian Alliance Party (which soon became the new Conservative Party) he wrote that "the national debt is mortgaging our children's future." A