What did professor Hidbon illustrates about Demand
What did professor Hidbon illustrates about Demand?
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In the opinion of Prof. Hidbon, “Demand means the different quantities of goods which would be purchased per time period at various prices in a specified market. Therefore demand for a commodity is its quantity that consumer is capable and willing to buy at different prices during a specified period of time. Only, demand is the behavior of potential buyers into a market.
Define the term cost plus pricing.
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Differentiates between short run and long run costs?
Explain the Exceptional Demand Curve.
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