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Problem : (a) Describe the law of demand and the factors affecting demand. (b) llustrate and Explain how demand of a commodity will change if there is a tax on that product
explain diagrammatically the bains model of limit pricing.
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In this section, we ask you to write down a simple, formal, mathematical model. A small number of points will be awarded for an intuitive discussion of the problem, but most of the
explain the traditional theory of cost with suitable diagrams.explain why LAC curve is not U shaped?
What is the explanation for SAC to be tangent to LAC?(In other words, why must both be tangent to each other)?
1. Assume that Malaysia can produce cencaluk at 25 bottles per worker and belacan at RM5 per worker. Assume that Indonesia can produce 10 bottles of cencaluk per worker and 20 pack
#question.what is meant by ppc?illustrate the central problems of aneconomy with this curve.
Are there any economic effects to non-Hispanic whites, given that they no longer represent the majority of the population? Why are these examples important from an economic standpo
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