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Question 1: The price of the good X rises from $1.30 to $1.40. Calculate the price elasticity of demand by using the mid-point method. Question 2: How do you explain the answer
discuss whether marginal utility is a realistic piece of economy analysis in a consumer demand
Discount Rate The term discount rate relates to business valuations. It is the rate applied to a future torrent of making an income or cash flow to measure its represen
define real and nominal wages
pooling in insurance
Black or underground or illegal economy: Black or underground or illegal economy has to be conceptualised as an integral and growing part of a variety of economies which emerg
The prevention of major swings in economic activity can be handled most easily by the
What are the economic implications of income inequality? How can economic theory be helpful to analyze the causes and impact of income inequality? What are the concerns and how the
fig2.3 elaplanition of sales maximisation
Determinants of reserve price
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