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Goods whose consumption has become a habit for the consumer will have inelastic Demand Curve . Total No of Views : 2767 |
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Cost - Fixed Costs Fixed cost is the total expenditure incurred by the producer on the use of fixed factors of production . |
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Circular Flow of Income & Product - Two sector Circular Flow Model A Macroeconomic Model which indicates how money flows in an economy between individuals and producers i.e two sectors of an economy. |