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Answer to Question #2259 in Microeconomics for mishi

Question #2259
Why PPF curve become concave?
Expert's answer
When the opportunuty cost is increasing or decreasing the PPF curve becomes concave.

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rajat kaushik
14.08.11, 09:08

Price elasticity of supply of a commodityis 1.2 is its supply elastic or inelastic and why?

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