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Define the tools of Competitive market.
Competitive market:
The supply and demand model
a. The demand curve
b. The supply curve
c. Factors which cause the demand curve to move, and factors which cause the supply curve to move
d. The equilibrium price
e. How the equilibrium price changes while the supply and demand curves move
What do you mean by Gross Domestic Product? Gross Domestic Product (GDP): It measures the value of economic activity which is output produced, into the geographical bound
example on the calculation of IS LM Curve?
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During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use supply and demand diagrams, how the following markets are affected in terms of pr
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