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What is the mathematical definition of price elasticity of demand
The price elasticity of demand is the percentage alters in quantity demanded divided by the percentage change in price. The price elasticity of supply is the percentage alter in quantity supplied splited by the percentage change in price.
prove that the utility approach and the indifference curve yield the same consumer equilibrium.
what will cause a firms demand curve to shift: a a change in sellers profit associated with the good or service b change in technology for good cchange in non price variable in dem
to what extent are interest rates determined by the economic theory
on what grounds is consumer surplus criticised?
critically evaluate the two main utility theories
If the quantity demanded of Pepsi Cola goes up, and its supply enhances what will occur in the market for Pepsi?
Determinants of the Income Elasticity of the Demand: The determinants of income elasticity of demand are given below: The Degree of necessity of the commodity.
Labour Extraction: Most employees under capitalism are paid according to time they spend at work. Though employers then face a challenge to extract genuine labour effort from their
what is disposable income and its importance.
Nucleic acids perform two important functions 1. Replication: It is the property of biomolecules to synthesise exact copy of it. DNA has this unique property of duplicating it
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