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Explain how the price system eliminates a surplus. The meaning of surplus is that quantity demanded is less as compared to the quantity supplied. This will lead to downward pr
Methods of Forecasting The various methods of forecasting demand may be grouped under the followings categories: Opinion Polling Method: In this method the opinion
Arbitrage pricing theory is between one of two influential economic theories of how assets are formed or priced in the financial markets and the other model is the capital asset pr
would a rational producer be concerned with the average or marginal product of an input in deciding whether or not to hire the inputs?
explain how macro and micro issues may be represented using production possibility curve
Explain the difference between a change in quantity demanded and a change in demand. Change in quantity demanded" refers to movement with the demand curve. For instance, if th
why can methane not be prepared by this reaction
Explain the importance of well-established property rights in the method of development. Definition of property rights should not begin and end with owning land and buildings b
derive PCC for complementary goods
Explain why a perfectly competitive firm does not expand its sales without limit if its horizontal demand curve indicates that it can sell as much as it desires at the current mark
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