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Explain about the elasticity and total revenue. Elasticity and Total Revenue: a. When demand for a good is elastic, a raise in price decreases total revenue. Then Sales effe
Q. Classical model of the labor market? We begin by explaining the classical model of the labor market. The demand for labor L D is assumed to be inversely re
Take a position on the following economic issue in the "yes" or "no" selection, support your position with economic theory and critical thinking skills. ISSUE: Should the Feder
why is international trade important for south Africa
reason why the change in equilibrium of output is greater than the change in initial invest ..
Minimum wage laws are common in many countries. The debate over minimum wage includes claims about the impact of this action on employment levels and wage levels. What impact does
How to calculate credit multiplier with the value of deposit, reserves requirement and loan
Malthus surmised that "poverty and misery are the natural punishment for the failure by the ‘lower classes' to restrain their reproduction." The policy implication of this viewpoin
What are the instruments of monetary policies
Given the above trade between the two countries, explain the trade effects on product prices, and factor incomes. Why do these effects occur?
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