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Microeconomics Assignment

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   Related Questions in Microeconomics

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    State excess demand or inflationary gap: Excess demand takes place whenever AD is bigger than AS at the level of full employment equilibrium.

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    Q : Define excess demand Excess demand : If

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  • Q : Changes in supply and demand curves

    This alters in the supply- and demand-curves for textbooks could not have resulted from a change in: (w) taxes. (x) relative prices for text books. (y) expectations about future prices. (z) prices for related goods.

  • Q : Describe inferior goods in economics

    Inferior goods in economics: Inferior goods refer to such goods whose demand reduces with the rise in income of consumer.

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  • Q : Substitute goods in cross-elasticity of

    The cross-elasticity of demand among any pair of goods is positive when the goods are: (i) luxuries. (ii) necessities. (iii) complements. (iv) substitutes. Hey friends please give your opinion for the problem of