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discuss scarcity,choice and opportunity cost
why does the quantity of education change in the private universities much more responsive than salt as to changes in price?
Illustrate and explain the changing demand for big mac using the indifference curve and budget line.
write down the assumotions and importance of game theory
Q. What is Formal Economy? Formal Economy:Sector of the economy that produces services and goods in return for monetary payment, and is fully integrated into the formal structu
Supply of a commodity is functionally related to its price. The law of supply rated to this function relationship between price of a commodity and its supply. In contrast to the in
is south african economic system more allocative efficient?
Shor tage A condition under that the quantity demanded for a good or service exceeds the available supply for that good or service. Shortages usually cause a rise in price
what is ratios GNP? what is use of models in macroeconomics?
Problem 1: Health insurance leads to health promotion. Using diagrams, describe the impact of health insurance on the demand for health care. (a) Distinguish between negati
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