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Explain the difference between a change in quantity demanded and a change in demand.
Change in quantity demanded" refers to movement with the demand curve. For instance, if the price of apples rises, all other things being equal, and people will buy fewer apples; thus, the quantity demanded will reduces. A "change in demand" refers to a situation in which the whole demand curve shifts. For example, if a large number of new people move into your neighbourhood, there will be a larger pool of people interested in buying apples at the local grocery store.
Show that a pulsed spherical wave has a complex wavefunction of the form U(r,t) = (1/r)a(t-r/c) where a(t) is an arbitrary function. An ultrashort optical pulse has a complex wavef
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When the price of candy bars increased from $.45 to $.55 the quantity demanded changed from 21,000 per day to 19,000 per day. In this range the price elasticity of demand for cand
why is normal rate of return on capital included in the total cost and what implication does it have
Ask factor affects elasticity of demandquestion #Minimum 100 words accepted#
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