For example: -10234.35
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A change in the demand conditions of a product is what is responsible for the shift in the demand curve.
(i) Large numbers of customers and suppliers
(ii) There are no entry or exit barriers to the market
(iii) There is perfect information for customers and suppliers
(i) The fall in price of a subsitute product will lead to a rise in demand of KP’s product
(ii) The rise in price of a substitute product will lead to a rise in demand of KP’s product
(iii) Demand for the product of KP will rise if its complementary products price falls
Frictional unemployment is unemployment that arises due to an aggregate of demand in the economy being too small to create employment opportunities for all.
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