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The law of demand is one of the most fundamental concepts in economics. Alongside thelaw of supply, it explains how market economies allocate resources and determine the prices of goods and services. The law of demand states that the quantity purchased varies inversely with price. In other word...
Autarky comes from the Greek words autos (self)and arkein (to suffice) and in essence, describes a general state of self-sufficiency. However, the term is most commonly used to describe the economic system of a nation that can operate without support from the economic systems of other nation...
When the price rise of one product results in the immediate and equal increase in demand for another, they are substitute goods. There is a positive cross-elasticity of demand. The definition of a‘perfect substitute’is all down to the preference of the consumer. If I receive the same sati...
Briefly explain the meaning of the t-test for regression analysis. When a regression coefficient is significant at the 0.05 level, it means that A. there is only a 5% chance that there will be an error in a forecast. B. there is a 95% chance that t...
Azure Cosmos DB transactional store uses horizontal partitioning to elastically scale the storage and throughput without any downtime. Horizontal partitioning in the transactional store provides scalability & elasticity in auto-sync to ensure data is synced to the analytical store in near real time. Th...
Azure Cosmos DB transactional store uses horizontal partitioning to elastically scale the storage and throughput without any downtime. Horizontal partitioning in the transactional store provides scalability & elasticity in auto-sync to ensure data is synced to the analytical store in near real time. Th...
What is condoms, kondom, condam, condem? Describe how to choose condoms suitable for me, such as how to use condoms correctly and precautions. For Safe sex
What is condoms, kondom, condam, condem? Describe how to choose condoms suitable for me, such as how to use condoms correctly and precautions. For Safe sex
What is the Nash equilibrium in economics and when should it found? In the Keynesian theory of output what is the mechanism that brings about the equilibrium level of output determined by aggregate demand? What influence does microeconomics have on macroeconomics?