All of the following describes conditions necessary for existence of a perfect market EXCEPT
From the graph above, the consumer is at equilibrium at point
Calculate the equilibrium level of national income (Y) where Y = C + I + G; C = 100 + 0.75Y; I = 50; G = 200
When a kilogram of carrot is #8.00, 20 kilograms are demanded and when the price decreased to #6.000 per kilogram, 30 kilograms are demanded. The elasticity of demand equals to
Agriculture accounts for about 60% of the
