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Price theory can be referred to as Micro economics and income as Macro.

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Q: What is the Difference between price theory and income theory?
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What is the difference between the purchase price and the selling price when an investor buys a stock and sells it later at a higher price is this a yield finance related?

buying price is bid, selling price is ask, difference is spread, profit is income or capital gain


Differentiate between price consumption and income consumption curve?

the main difference in these is this that when price of any of commodity (x,y) decrees but the budget remain same it will show price consumption curve and when income increase and the price of commodities (x,y) remain same it will show the Income consumption curve.


Distinguish between price and income elasticity of demand?

distinguish between price elasticity of demand and income elasticity of demand


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theory of income and employment: theory of general price level and inflation theory of economics macro theory of distribution' theory of international trade


Disadvantages of price mechanism theory?

Opponents argue that one of the primary disadvantages of the price mechanism theory is income inequality. Other disadvantages include unemployment and inflation.


What is the difference between income elasticity demand and price elasticity demand?

price elasticity is the degree to which demand for a good will change relative to a change in the price of that good. Income elasticity is the degree to which demand for a good will change relative to a change in the spending power of the consumer. it is the percentage change in quantity demanded/percentage change in price.


Difference between the original price and the sale price?

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What is the difference between GNP at market price and GNP at current price?

No difference. Both are the same.


What is the difference between GNP at market price and GNP at curent price?

No difference. Both are the same.


Distinguish between price elasticity and income elasticity?

The price elasticity refers to the change in demand due to the change in price. The income elasticity of demand on the other hand refers to the change in demand due to the change in income.


What is the difference between cost and list price?

whats the difference between cost and list?