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what is pooling equilibrium
Question: Explain the contribution of capital accumulation in the progress of an economy? Capital makes the technological progress of the economy possible. Different technol
the price of a laptop increases by 20% and there is a 40% drop in the quantity demanded
Plot the demand schedule and draw the demand curve for the data given for Marijuana in the case above.
excess reserve make a bank less vulnerable to runs.why
what happen when a supply shift to the right on a graph
Price Elasticity A measure of the change in demand for a product relative to unit changes in the price of the product. If the percentage change in quantity demanded is greater
explain the marginal produtivity theory
Factors determine the price elasticity of supply: The price elasticity of supply varies widely across different products. Some products have more leastic supply, while others
Individual Assignment ECO101 - PRINCIPLES OF ECONOMICS electronic submission via Moodle 6 Questions 100 marks (15% of total course) All questions should be attempted. 30-50 w
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