Surplus of the good
Describe when there will be a surplus of the good?
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When the real market price is more than the equilibrium price, then there will be a surplus of the good.
Describe Okun's law? Give an illustration of how it works.
The demand for a resource will increase if the
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
Describe when there will be a shortage of the good?
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