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what is economic model and role of assumptions in it.
#questions..
Define the generality of economic theory in the modern economics. Generality of Economic Theory An economic theory is based onto assumptions imposed onto economic environmen
law of diminishing returns
why does the quantity of salt tend to be unresponsive to changes in its price
trend and structure of national income in nigeria
Q. What do you meant by Deficit? Deficit: When a business, government or household spends more in a given period of time than they generate in income, they suffer a deficit. A
equation for a demand curve is p=2/q. what is the elasticity of demand if price falls from 5 to 4
determinate equilibrium price and quantity. if Qd=7-1/2p AND Qs=1/4P-1/2
State trading is often associated with canalisation. Canalisation means estaolishment of state monomply in foreign trade. In other words, an item that is canalised can be imported
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