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The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded. What would answer be
PARALLEL ECONOMY: What is in popular parlance known as black money, and is, misleadingly called the 'parallel' economy, (as it operates very much with and within the legal, fo
what will be the possible concequences if a large scale like Toyota place its new product in Indian market without having forecast the demand for its product
1. Explain what are price ceilings and price floors and how they effect the market for a good or service. Also show through graphs, if they cause any inefficiencies in a perfectly
le..what was 6th financial planning of india?
Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.50 per card, and the cos
In the case of a tax abolition on food staples, what are the short run and long run effects?
concept of supply and the factors that affect the supply
ESTIMATION OF NATIONAL INCOME: In India, the first attempt to estimate national income and per capita income was made in the year 1867-68 by Shri Dadabhai Naoroji. This was fo
What are the properties of consumer demand? Properties of Consumer Demand: In this section check the comparative statics of consumer demand behaviour as: how the demand of cons
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