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Churning poor are those people who regularly move in or out of poverty. When they get employed or their harvest is good they are above the poverty line but when they are unemployed or in bad climatic years they are below the poverty line. Example seasonal workers or small farmers.
Under Monopoly the supply curve is absent because?
Sonia has decided to always spend one-tenth of her income on shoes. Her income and price elasticities of demand for shoes are
For which preferences the income offer curve and the price offer curve are equal?
Probability machine A fails = 40% and machine B fails = 50%. What is the probability plant will work when both machines work well?