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What is involuntary unemployment

What is involuntary unemployment: The people who are willing to work at given wage rate do not obtain work.

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    Q : Define Marginal Utility Marginal

    Marginal Utility: It is addition more to the net or total utility as consumption is increased by one more unit of commodity.

  • Q : Change in the price of a resource A

    A change in the price of a resource will cause a modification in the: (w) demand for the resource. (x) supply of the resource. (y) quantity demanded of the resource. (z) demand for the good the resource produces. H