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What is the difference between price value and price level?
Price value is the value of commodity bought by the consumer at a certain price from the market, while, price level is the present market price prevailing in the market.
what are the practical importance of income elasticity of demand?
sir explain me about all things of microeconomics
reason for kinked demand curve
Is there a trade-off between inflation and unemployment? The Keynesian side posits that policies can indeed be used to stimulate demand - demand-side policies - and those mar
In neoclassical economics, equilibrium exists when supply equals demand for a particular commodity. General equilibrium is a special (purely hypothetical) condition in which every
I have an assignment need to be done
Prove that the utility approach and the indifference curve approach yield the same consumer equilibrium.
Because of your reputation as an expert in economic analysis, you have been hired as vice president of a business consulting firm named Economists R Us. This firm provides consult
What is the importance of microeconomics in study of managerial economics? Normal 0 false false false EN-IN X-NONE X-NONE
Explain how oligopolies can work both for and against consumers. Oligopolies market power can of course work against consumers - as price-setting and any form of collusion will
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