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Change in the price of a related good: Goods relate to each other in two ways. Goods are either complements or substitutes. Complementary goods are goods with joint demand. The
Modern economy: It explored the role of money in every modern economy.The chapter also revealed that it is necessary for the government to ensure consistency between the quant
explain why policies for promoting market competition are desireable
#question.hif indirect utility function is givenhow to derive the demand function .
Describe Ionization energy or ionization potential and The factors affecting the ionization energies
Q. Definition of labour force? Labour Force:Total population of working-age people who are willing and able to work and who thus have ‘entered' labour market. Labour force incl
what is demand
do you agree that according to econmy theory a business will always close if its total reveneu cover total costs
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
Explain the figure of say''s law of market
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