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Challenges and discussions
What happens when oil eventually runs out?? can''t we just pay doctors and nurses more money?? The unemployed should get off their backsides and get a job??
Business sell to households in the resource markets, but households sell to businesses in the product market
why men and womens indifference curves are different
Price elasticity is used in economics to determine the changes in price of goods and services. It measures the change in price demanded and quality supplied. Determinants of pri
What is the difference between price value and price level? Price value is the value of commodity bought by the consumer at a certain price from the market, while, price level
is it just assumed that a monopoly graph is showing economic profit instead of accounting profit
fundamental problems
The concept of opportunity cost occupies a very important place in modern economic analysis. The opportunity cost of any good is the next best alternative goods that are sacrificed
How does a per unit tax affect consumer surplus.
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