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Assumptions about indifference curves and reasoning lies behind them
There are a few standard assumptions about what an indifference map can and cannot look like. Which are these assumptions, and what reasoni...
What are the significance of supply and demand curve?
What are the significance of supply and demand curve? Economists use the model of supply and demand to analyze competitive markets. In a ...
Which is the only country crossed by both the equator and the Tropic of Capricorn?
The Tropic of Capricorn lies at 23.5° South of the equator and runs through Australia, Chile, southern Brazil, and northern South Africa. Al...
Do your eyes ever grow?
Human beings grow from small baby to large adult and we can see over time especially during puberty our height increases and our hands and l...
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