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Why elasticity is important for economic analysis? Elasticity is a significant concept in understanding the incidence of indirect taxation, marginal concepts as they relate to
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Question: i) Explain the main problems with government intervention. ii) Why and how do governments seek to control monopolies? iii) A country should specialise in the pr
why is normal rate of return on capital included in the total cost and what implication does it have
What are the economies and diseconomics of scale?
Why is it true that shortages usually occur mainly when price controls are in effect? In the nonexistence of price controls the shortage generally goes away quickly because price
using the basic Keynesian model answewr the following parts carefully using the relevant diagrams. what happens to the equilibrium level of GDP(Y) given the following: a) a reducti
This involves the characteristics of the production human as well as non human using the product concerned. For example it may pertain to the number and characteristics of children
discuss the significance of paration research
what is the reason behind studing this topic ?
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