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In the quintile distribution of income, the term "quintile" represents
Which kind of revenue receipts are considered as legally compulsory payment imposed on people by the government? Give illustration also. Answer: Taxes imposed on th
Can someone please help me in finding out the accurate answer from the following question. The changes in gasoline prices do not change short-run demands for (1) Bigger versus smaller cars. (2) Gasoline. (3) Alternative forms of the transportation. (4) Batteries, Tire
Normal profit signifies zero economic profit. Explain why?
The government price floor for Whopper Slushees at P3 would result a: (i) shortage of Q1 – Q3. (ii) Excess of Q3 - Q1. (iii) Supply price of P1. (iv) Quantity demanded of Q2. (v) Demand price of P2. Q : Price ceiling set below equilibrium A A price ceiling set below equilibrium will raise the: (w) quantity supplied. (x) good’s opportunity cost to buyers. (y) sellers’ profits. (z) rate of excess supply. How can I solve my economics
A price ceiling set below equilibrium will raise the: (w) quantity supplied. (x) good’s opportunity cost to buyers. (y) sellers’ profits. (z) rate of excess supply. How can I solve my economics
Differentiate between project feasibility study and project proposal?
For hamburgers the demand is relatively elastic. When the price of hamburgers increases, in that case: (i) the quantity demanded will go up. (ii) its demand will increase. (iii) total revenue will increase. (iv) total revenue will reduce.
Can someone help me in finding out the most precise answer from the given options. The long run in the production theory is a period just long sufficient for: (i) Firms to totally differ all resources. (ii) Profits to be maximized. (iii) Marginal costs curves to be re
The owner of a city centre car park desires to know the best price to charge for parking throughout office hours on weekdays. On a usual weekday, the car park is at present only half full.
A) Using appropriate tables and diagrams explain how price and quantity is determined in a free market economy. B) Briefly explain using the diagrams in 4.1 the followings two scenarios C) When
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