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Suppose the demand curve for a consumer for coffee is: Q = 6 – 2P, where Q represents the number of cups per day and P is the price of coffee per cup. Question: Suppose the
types of production function
what will be the effect on price and quantity when supply and demand changes in different directions but same magnitude?
Consider a two-period economy with a single commodity (say leisure): x1 is the con- sumption of leisure in period 1, and x2 is the consumption of leisure in period 2. When Peter ev
advantages and disadvantages
Sample Survey and Test Marketing: Under this method some representative households are selected on random basis as samples and their opinion is taken as the generalized opinio
what is pooling equilibrium
discuss how the price mechanism allocate resources in a free market system
what is the theory of second best?prove the theorm with the help of diagram?
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