Why value of MPC is not greater than one
Why the value of MPC is not greater than 1? Answer: This is because change in consumption can never be more than change in income.
Why the value of MPC is not greater than 1?
Answer: This is because change in consumption can never be more than change in income.
Why is tax considered as revenue receipt? Answer: Since tax neither makes a liability for government nor decreases assets of the government.
In what respect foreign trade will be helpful in eliminating the adverse economic influences of deficient demand? Answer: Export increases the demand for services a
How can Equilibrium of a market be exist?
What are the Steps to analyze modifications in equilibrium?
Quantity of a good: The quantity of a good which buyers demand is found out by the price of the good, income, the prices of associated goods, expectations, tastes, and the number of buyers.
Firms which serve customers who vision the firm’s output as perfectly substitutable for the outcomes of huge numbers of other firms confront: (i) Horizontal (that is, perfectly price elastic) demand curves. (ii) Predatory pricing from greater mo
Explain the concept of “economies of scale” and “increasing returns”.
Equilibrium quantity: It is the quantity supplied and the quantity demanded at equilibrium price.
What is meant by the term business cycle as described by economists?
18,76,764
1939902 Asked
3,689
Active Tutors
1448026
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!