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Supply and demand elasticity
(2015-09-01)
We have so far focused on specifying qualitative relationships between determinants of supply and demand and the actual quantity demanded and quantity supplied of a good.
Although qualitative relationships provide ...
An introduction to microeconomics
(2015-09-01)
The prefix Micro in microeconomics comes from the Greek Word mikros, meaning small. It contrasts with macroeconomics, the other branch economic theory.
Macroeconomics deals primarily with aggregates, such as the total ...