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The price of petrol fell during the past year. a. Explain why the law of demand applies to petrol just as it does to all other goods and services. b. Explain how the substitu
Point Elasticity: Point elasticity is brought in use when the change in price is quite small, which means. The two points between which elasticity is being measured or calculat
factor afecting the demand for durable product
After I figure a table what do I do with it? I have no book and no study materials to answer my question
use of diagram how the price mechanism operates to allocate scarce resources. use examples to illustrate the answer.
What is an optimization in the methods of mathematics of modern economics? Optimization is a basic tool for the development of modern microeconomics analysis. Many of economic
Laspeyres index The Laspeyres index tells us that: - The amount of money at present year prices which an individual requires to purchase bundle of goods and services which w
any village panchayat in west bengal and get information for doing a project.
conditions of pareto optimality
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