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We can easily identify the first term (5)
The common difference can be found by subtracting the nth term from the (n+1)th term
7-5=9-7=11-9=2
Therefore:
U...
Perfect competition is a market structure defined by several key assumptions: a large number of firms, identical (homogenous) products, no barriers to entry (free entry and exit), perfect information and ...
Price elasticity of demand or PED is a very useful concept in microeconomics. In order to understand this, lets quickly talk about what demand is. Demand in economics refers to the willingness and ability...
It is possible to solve this using equations for projectile motion that can be found in the majority of formula booklets. However, since they are not always available, it is good to understand where they ...
Stalin's aims for the USSR before the second World War are commonly seen as wanting to industrialise the nation, re-arm in case of a future war, and rid society of kulaks (richer peasants) as to be able t...
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