(Answered) Q1 describe the followinga inferior goodb giffen goodc

Economics

Q1. Describe the following:

a. Inferior Good

b. Giffen Good

c. Veblen Good

Q2. Distinguish between price ceilings and price floors.

Q3. Identify and explain two advantages and two disadvantages of price ceilings and price floors.

Q4. Distinguish between economies and diseconomies of scale.

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Microeconomics, Economics

Category:- Microeconomics
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