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a) An enhances in the quantity demanded of a good can happen because consumers expect the price of that good to enhance in the near future.
b) A price ceiling imposed above the competitive equilibrium will result in a shortage.
Suppose scientists discover that eating soybeans prevents cancer and heart disease
short run equilibrium of the industry
Explain three major barriers to development experienced by developing countries. Well, the scope of possible answers here is, em, wide, to say the least. The issue is not to si
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in terms of
suppose ismail were to eat five pizzas per week.what is the total value ismail would place on his five weekly pizzas?
This is a very common methods of forecasting demand. Under this methods a relationship is established between quantity demanded( dependent variable) and independent variables such
Business sell to households in the resource markets, but households sell to businesses in the product market
oxidation state of f block elements
what is the theory of second best? prove the theorem with the help of a diagram.
How can we identify that something is elastic or inelastic? When demand of any commodity does not change with the change in price of that commodity that item is said by inelas
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