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a) A change in demand means that:
b) On the production-possibilities drawing, unemployment is represented by:
Theories associated with different market structures A firms profit maximising output decisions take into account the market structure under that they operate. There are 4 type
explain the supply function and importance of supply analysis in brief
examples
(a) Describe how commercial banks determine their output, interest rates and profit levels assuming they act as oligopolies. (b) To what extent is the above statement a reality
For all regular goods, income elasticity is positive though the degree of elasticity fluctuates as per the nature of commodities. Consumer goods are generally categorised under thr
what are the four factors that lead to diseconomies of scale.
THE IMPACT OF INFLATION Inflation has different effects on different economic activities on both micro and macro levels. Some of these problems are considered below: i.
what is line balancing for paper machine?
define equi marginal principle
1. What kind of market structure is involved for the sale of medicines and vitamins? 2. What can be said about barriers to entry in this market? 3. Might there be a change in mar
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