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Q: What do you understand by supply and what would you say is its main purpose?
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A: Answer-
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A: Equilibrium in the goods market is achieved at the intersection of demand and supply curves.
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Q: What do you understand by demand and what would you say is its main purpose?
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A: If the yield curve is downward sloping then it will be known as an inverted yield curve.
Q: explain in a simple way, what is demand?
A: Demand is an economic term that means a consumer's willingness to purchase goods and services and ea...
Q: Using the model for a closed economy, if the nominal wage is $40 and we have a Cobb-Douglas producti...
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A: Market Demand function : p = 10 - Q Where , Q = Market quantity with n firms So , Q = nq Cost ...
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A: GIVEN C = 600 i = 12% n = (12/4)*4 =12
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A: Answer-
Q: Suppose two firms compete as Cournot Oligopolists. The profit functions of these two firms are π_...
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How the UK-Russia fight will affect the socio-economic state of other countries?
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