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What factors find out the price elasticity of demand?
Factors which determine the price elasticity of demand are:
a. Whether close substitutes are accessible
b. Whether the Good Is a essential or a Luxury
c. Time and space
Malthus surmised that "poverty and misery are the natural punishment for the failure by the ‘lower classes' to restrain their reproduction." The policy implication of this viewpoin
In the long-run framework, deficits reduce: A. investment. B. taxes. C. government consumption. D. subsidies.
using a graph of the classical labour market illustrste the effects of real wage existing in the market lower than the equilibrium real wage
Danny is an investment banker and has income I = 300. When prices are px = 10 and py = 20, Danny consumes the bundle (x; y) = (6; 12). 1. Illustrate Danny's budget constraint
How to prepare a a project on a new product in africa.
It is assumed that the hazaed rate for a pressure valve is given by h(t)= 1/5+t. 1. What is the cumulative probability function of failure F(t)? 11. What is probability densi
Q. Characteristics of endogenous growth theory? There are many different explanations for technological progress. Most of them, though, have many common characteristics:
List and briefly describe the principal causes of high population growth in developing countries and the major consequences.
discus the various measures that may be taken by a firm to counteract the evil effect of a trade cycle
In a large open economy, if the economy has a fiscal expansion, what would happen in the solow model?
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