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Why is it difficult to judge elasticity of demand or supply if you are merely observing the appearance of a demand or supply curve on a graph? The Prime rate is the lending rate at which the largest and most creditworthy corporations borrow money from banks? Suppose a retailer promotes its store by advertising a drawing for a free car. Is this car free because the winner pays zero for it? Consumers used cost- benefit analysis in order to maximize what? Goods are scarce because people desire much more than the economy can produce.How can this scenario worsen the economic situation of the nation? Advantage and disadvantage of self reliance? Whom shall these goods and services be produced? What is the country's exchange rate based on? What are reasons the production possibilities frontier exits? What is the relationship between long-run average cost curve and short-run average cost curve? What effect does the lack of competition in command economies have? Why are clothes imported? What would 200000 sterling in 1992 be worth today? What do you mean by Barter system in Hindi? Which is the worse macroeconomic problem for t economy higher inflation or higher unemployment? Why did colonists dislike mercantilism? Would you expect the price elasticity of demand for electricity for residential use in India to be higher or lower in the short run as compared with the long run? How much is euro to a dollar? What is the most used instrument for controlling week to week changes in te money supply? How much did an average home cost in 1926?