How prices allocate resources
How prices allocate resources?
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A) The model of supply and demand is an influential tool for analyzing the market.
B) Supply and demand altogether finds out the price of the economy’s services and goods.
Why the borrowings by Government are taken as capital receipts?
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
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With the help of graph discuss the determinants of transaction demand.
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The fact that most of the necessities for life like water are priced much lower than the frivolities like diamonds is addressed by the: (1) Utilitarian enigma. (2) Law of diminishing marginal utility. (3) Rational ignorance of hypothesis. (4) Paradox of the value. (5)
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