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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
What is Demand Forecasting? Explain in brief various methods of forecasting Demand.
Equilibrium is explained as follows: Equilibrium is the state in which there are no shortages and surpluses; or we can say that the quantity demanded is equal to the quantity s
Phillips Curve and Inflation-Unemployment in policy making : In the General Theory (Keynes, 1936) we noted that the state of expectations was taken as given. There was, in ad
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explain and illustrate the changing demand for big mac using indefference curve and budget line
when total production fall what,s the status of average product and marginal product
in economics what is cobb douglas theory?
The accountants keep all the business transactions and records of a sole proprietorship separate from the business owner''s personal transactions and For legal purposes a sole prop
in the keynesian model, the price is assumed to be what?
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