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Economics is basically the study of making choices in the backdrop of limited means, which can be further be used for several other uses. There are two branches of economics, which further examines the different economic problems of a country named as Micro and Macroeconomics. The primary tools of microeconomics are Demand and Supply. Macroeconomics represents the different averages which concern the entire economy, central problem being income and employment determination. The main tools of this arm are Aggregate Demand and Aggregate Supply.
There are millions of students who are studying across the world, to understand more about the economy of the country and further analyze the behavioral pattern of the society, individuals and government for critical financial evaluation. Economics is never easy to be described on papers, as it involves a lot of analytical skills and in-depth research. Moreover, it is quite hectic task to help translate your thoughts into words. That’s the reason you need help from economics assignment writing services.
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“Economic models are false and so government should ignore their predictions.” Explain, discuss and evaluate the accuracy of this statement.
Using the economics or other literature (but not the textbook) to identify estimates of the price elasticity of demand for at least three different products. Provide full citations for the employed literature. Comment on the magnitudes of these estimates in relation to the standard economic determinants of the price elasticity of demand.
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