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Suppose the value of the cpi is 1.100 in year one, 1.122 in year two, and 1.133 in year three. assume also that the price of computers increases by 3% between year one and year two, and by another 3% between year two and year three. the price level is increasing, the inflation rate is and the relative price of computers is
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mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.
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An instance where sellers should work to keep relationships with customers is when they instance where selllars should work to keep relationships with customers is when they feel that the product
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Suppose the value of the cpi is 1.100 in year one, 1.122 in year two, and 1.133 in year three. assum...
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