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what is tariff and qouta
Change in demand: change in quantity demanded occurs when the consumption of a commodity increases or decreases as a result a change in the price of the commodity, when all ot
discuss and illustrates the following terms with diagrams1.inferior goods.2.normal goods,3.giffen goods
What are the economies and diseconomics of scale?
Explain how consumers might benefit from the existence of monopolies. While the standard issue of monopolies having higher prices and lower output that competitive markets migh
Explain why each of the following factors may influence the own price elasticity of demand for a commodity. The narrowness of the definition of the commodity
explain normal profits
discuss scarcity,choice and opportunity cost
Factors that determine the volume of side of production
is a hotdog vendor''s stand a good example of diseconomics of sale?
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