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- Describe the budget constraint(line) of the consumer(Solved)
Describe the budget constraint(line) of the consumer
Date posted: March 6, 2019. Answers (1)
- Illustrate derivation of the equilibrium condition for the consumer(Solved)
Illustrate derivation of the equilibrium condition for the consumer
Date posted: March 6, 2019. Answers (1)
- What are the assumptions(Axiom) under cardinalist utility approach in economics?(Solved)
What are the assumptions(Axiom) under cardinalist utility approach in economics?
Date posted: March 6, 2019. Answers (1)
- Illustrate and explain the cardinalist theory of consumer behavior(Solved)
Illustrate and explain the cardinalist theory of consumer behavior
Date posted: March 6, 2019. Answers (1)
- Explain the following:
1. Income Elasticity of Demand
2. Cross elasticity of Demand(Solved)
Explain the following:
1. Income Elasticity of Demand
2. Cross elasticity of Demand
Date posted: March 6, 2019. Answers (1)
- What are the weaknesses of Cobweb Theory?(Solved)
What are the weaknesses of Cobweb Theory?
Date posted: March 6, 2019. Answers (1)
- How is disequilibrium concept applied?(Solved)
How is disequilibrium concept applied?
Date posted: March 6, 2019. Answers (1)
- What are the effects of shifts of demand/supply curve on equilibrium?(Solved)
What are the effects of shifts of demand/supply curve on equilibrium?
Date posted: March 6, 2019. Answers (1)
- Given the following
Demand function: Qd = 3550 - 266p
Supply function: Qs = 1526 + 240p
Determine the equilibrium market price and quantity.(Solved)
Given the following
Demand function: Qd = 3550 - 266p
Supply function: Qs = 1526 + 240p
Determine the equilibrium market price and quantity.
Date posted: March 6, 2019. Answers (1)
- Explain the abnormal supply curves(Solved)
Explain the abnormal supply curves
Date posted: March 6, 2019. Answers (1)
- State and explain the factors that influence demand(Solved)
State and explain the factors that influence demand
Date posted: March 6, 2019. Answers (1)
- State and explain the two exception to the law of demand(Solved)
State and explain the two exception to the law of demand
Date posted: March 6, 2019. Answers (1)
- State the factors that influence the quantity demanded(Solved)
State the factors that influence the quantity demanded
Date posted: March 6, 2019. Answers (1)
- Define the following terms:
1. Demand Schedule
2. Demand diagrams(Solved)
Define the following terms:
1. Demand Schedule
2. Demand diagrams
Date posted: March 6, 2019. Answers (1)
- Elaborate on The nature and scope of economics.(Solved)
Elaborate on The nature and scope of economics.
Date posted: March 6, 2019. Answers (1)
- Explain the concept of scarcity and opportunity cost.(Solved)
Explain the concept of scarcity and opportunity cost.
Date posted: March 6, 2019. Answers (1)
- What are the Three types of definition that explain the meaning of economics?(Solved)
What are the Three types of definition that explain the meaning of economics?
Date posted: March 6, 2019. Answers (1)