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give a clear answer to this question define and give an example of application of concept of income elasticity of
in a reward contract for example a person who has lost a dog could promise a reward if the dog is found through
common contracts take place in the daily flow of commerce transactions and in cases with sophisticated or expensive
it is important to note that where an offer specifies a particular mode of acceptance only an acceptance communicated
in commercial agreements it is presumed that parties intend to be legally bound unless the parties expressly state the
a contract implied in fact the circumstances imply that paarties have reached an agreement even though they have not
sometimes the capacity of either natural or artificial persons to either enforce contracts or have contracts enforced
in colonial times the concept of consideration was exported to many common law countries but it is unknown in scotland
compare keynesian and classical macroeconomic thoughtdiscussing the keynesian explanation of prolonged recessionary and
consideration is a concept devised by english common law and is required for simple contracts but not for special
in contrast domestic and social agreements such as those between children and parents are typically unenforceable on
kindly tell me the answers of below mentioned questions1 in your own words use utility analysis and income-substitution
1 jill sells bouquets of flowers that she grows in her backyard jills marginal cost of producing bouquets is given by
how would suppliers react if transco charged a very high price for providing gas on a last resort
what possible advantages to the consumer could there be in a transco having a monopoly over gas pipelines b bgt
if a cinema could sell all its seats to adults in the evenings at the end of the week but only a few on mondays and
why may a food shop charge higher prices than supermarkets for lsquoessential items and yet very similar prices for
for what reasons would you expect a monopoly to charge a a higher price and b a lower price than if the industry were
as an illustration of the difficulty in identifying monopolies try and decide which of the following are monopolies
the united kingdom has since replaced the original statute of frauds but written contracts are still required for
an unwritten unspoken contract also known as a contract implied by the acts of the parties which can be either an
the problem with being locked-in to a product or technology is only a problem if such a product can be clearly shown to
in december 1998 america online aol announced it was to acquire netscape communications and to form an alliance with
if the terms of the contract are uncertain or incomplete the parties cannot have reached an agreement in the eyes of
give the same unit cost a monopolist will produce less output than a perfectly competitive