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The demand schedule can be expressed as a table of price and quantity data, a series of equations, or in a downward sloping graph. To this point, our discussion has focused on individuals and their behavior. suppose that at least a significant majority of consumers are rational, it is a simple matter to obtain a market demand curve. One requires only to sum all of the quantities demanded by individuals at every price to obtain the market demand curve.
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define law of demand
List and describe the determinants of the price elasticity of demand and of supply.
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what is production possibility curve?
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draw demand curve for a-phone explain how the graph, price ,and quantity demand will change if there is an overall increase in income.
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(a) Describe the different types of inflation in a country. (b) Describe the trade-off between inflation and unemployment, using appropriate diagrams. (c) Mauritius has bee
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