Elasticity

Very short questions of Elasticity Define elasticity of demand. Ans) The elasticity of demand is the measure of responsiveness of

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Demand and Supply

Very short questions,Demand and Supply What do you mean by demand? Ans) Demand means the quantity of goods and services

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Introduction to Microeconomics

Some very short questions of Introduction to Microeconomics 1)Define an economic theory. Ans) An economic theory is defined as a

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Ten principles of Economics

Nicolas Gregory Mankiw’s Ten Principles of Economics:   Nicolas Gregory Mankiw is an macroeconomist and Professor of economics at Harvard

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Difference between Microeconomics and Macroeconomics

Difference Between Microeconomics and Macroeconomics  The difference between microeconomics and macroeconomics are as follows: Basis          

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Introduction to Economics

Definition of Economics ,Economics is both Science and Art,Origin of Economics,Scarcity and Choice Economics: Economics is the study of how

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