What is Equilibrium quantity
Equilibrium quantity: It is the quantity supplied and the quantity demanded at equilibrium price.
What are the conditions through which the supply curve will shift?
how to calculate national income under value added method
Explain the statement "Hypothes is the basic short run and long run behaviors of the airline industry in a market economy".
Let suppose NDPFC is Rs. 1,000 crores, and NFA is Rs. (--) 5crores, then what will be national income (NNPFC)? Answer: NNPFC = NDPFC+NFA = 1000 + (-5) = Rs. 995 crores.
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Macro Economics: Macro economics studies the economy as an entire.
What is the role of price in market economies?
Describe cost-push inflation and its major source.
In poor countries people spend a big percentage of their income so that APC and MPC are high. Yet, the value of multiplier is low. Explain why?
How prices allocate resources?
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