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Change in demand:
change in quantity demanded occurs when the consumption of a commodity increases or decreases as a result a change in the price of the commodity, when all other demand factors remain unchanged. This is shown as a movement along the same demand curve.There are two types of changes in quantity demanded: an increase in quantity demanded and a decrease in quantity demanded. A change in demand, on the other hand, occurs when either more or less quantity of a commodity is now demanded when the own price of the commodity has not changed. A change in demand is normally occurs when there is a change in any of the other demand factors (referred to as demand shifters). It causes a complete shift in demand curve.
sources of oligopory
what do you meant by rent?
edge worthmodel
Law of conservation of mass was proposed by Lavoisier & verified by Landolt. According to Law of conservation of mass law Matter is neither created nor destroyed in the course of c
Ask quAsk qIf the supply and demand curves for labor are represented by the following equations: Wd= -- (1/100)Ld + 30 Ws= (1/200)Ls Ws=Wd Ld=Ld a. Graph the results and show the
Suppose Dlamini has R5 000 to spend on trousers and shirts. The price of trousers is R500 each and that of shirts is R312.50 each. 6.1 Use the information and calculate consumer eq
So what caused the end of Malthusian age? How did humanity escape from the trap in that invention and ingenuity increased the numbers though not the material well-being of humanity
1. Cost minimizing firms must be profit maximizing as well. False, why??
income=100 price of x=5 price of x2=10 find consumer equilibrium with diagram
Q. What do you meant by Relative Poverty? Relative Poverty: A measure of poverty based on an individual or family's relative income compared to overall average level of income
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