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CHRIS

@nakii

14 Following
30 Followers
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CHRIS
@nakii
Gm frens, Let's have something to read on the relationship between price and quantity demanded using a schedule. Have a great day and let's keep phavering...😊🔥
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Samuel Ayomide
@aeewai
Happy Friday frens 🦄💜💫 There’s nothing better than feeling small in nature. It's the best way to instill a fresh sense of awe. 🧘🏾‍♂️🦦 📍Lukas Garden Luxury Resort - Achimota 🇬🇭
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CHRIS
@nakii
Relationship Between Price And Quantity Demanded Of A Commodity Relationship in this context implies what happens to a variable (i.e., quantity bought) when the other (i.e., price) changes and vice versa. From the law of demand, it is observed that an inverse or negative relationship exist between price and quantity demanded of a product. That is “other things being equal, more of a commodity is bought by consumers at a lower price whilst less of the commodity is bought at a higher price” Presentation of The Relationship Between Price And Quantity Demanded To present the relationship between price and quantity bought, the following could be used. • Demand schedule • Demand curve • Demand function
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CHRIS
@nakii
Other things being equal (that is, the Ceteris Paribus assumption) Emphasizing the Ceteris paribus assumption when stating the law of demand indicates that “other things are held constant”. This is necessary because price is not the only thing that affects acquisitions. There are many others that affect purchases and income levels of consumers is one of them. Concurrently, if the price of a product is changing and income levels of customers is also changing, it would be difficult to know whether the change in quantity bought is due to a change in the price or to a change in the income. Therefore, income levels of consumers as well as other factors that could affect the quantity of a product bought are held constant except the price of the product under study. In summary, holding all other things equal obviously implies holding prices of other goods, tastes, advertising, etc. constant when stating the law. Implicitly, the concentration is on the price change of the product under study relative to all o…
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CHRIS
@nakii
Gm frens Let's read something Economics... Demand is the quantities of a product that consumers are willing and able to purchase at various prices during a specific period of time. Demand is a desire that is backed by the willingness and ability to pay for the product. when a want is backed by purchasing power it results in effective demand. Want can be called ineffective demand and demand is same as effective demand Want is the desire for a commodity which is not backed by ability to pay Price is the value of an economic good in terms of money or the amount paid for a good or a service. The relative price of a product is its price compared to that of other products. Quantity demanded of a product implies the number of the product that is bought at a particular price. The Law of Demand The term “Law” in economics, mostly refer to a fundamental principle or rule that describes a regularity or pattern observed in economic behaviour or relationship. The law of demand states that “other things…
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CHRIS
@nakii
Happy birthday iffy
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Phaver 🦄
@phaverapp
Heyyo Frens, happy Friday! 💜 Last week, the first Phavercoin snapshot proposal passed, and the Phairdrop Season 2 end date was moved to 7th November. First off, as a thank you to voters, here’s the Voter SBT: https://app.galxe.com/quest/phaver/GChNXtKFxd - Mint with the wallet you voted with and connect it to Phaver to show it off and earn 10p per day 😎 Due to a Snapshot bug, we’ve also made all Cyber $SOCIAL holders (as of 2nd of October) eligible to mint. Second, as proposed, we’re rewarding loyal users who held their entire claimed S1 allocation in Phaver during the first 7 days with the Diamond Hand SBT. You needed to hold equal or more $SOCIAL than you claimed in S1, with a minimum requirement of 1000 $SOCIAL for the first 7 days. Link: https://app.galxe.com/quest/phaver/GCyABtKWsC Mint with primary wallet and refresh assets to earn 20C, 150p daily. 🙌💎 (continued👇)
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Samuel Ayomide
@aeewai
Gm fren 🦄😇 Island and beach vibes in Ada Foah - Ghana📍🇬🇭 Ada is a whole vibe 🏝️🌊🌤️ Breezy feels!!! 🔥🤗 Ghana is such a beautiful place🕺🏽🥂 ADA FOAH, is a town on the southeast coast of Ghana, where the Volta River meets the Atlantic Ocean. The town is located along the Volta River, off of the Accra-Aflao motorway. Known for palm-lined beaches and estuary islands. Ada Foah is famous for water sports like swimming, sailing, fishing and boat cruises. #nature #travel #landscape #explore
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CHRIS
@nakii
LKP
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Samuel Ayomide
@aeewai
🥂CELEBRATORY GIVEAWAY🥂 To commemorate reaching 200k points on @phaverapp I’m thrilled to give back to the community! I’m excited to announce a giveaway for: 1 Bronze Phaver Cred Pass! This pass grants you 6 Cred + 100 points daily (until Nov 7th) How to enter: 1. Follow me on Phaver: https://app.phaver.com/7zkz26tKjS91Pbhq5 and X https://x.com/samuela97175679?s=21&t=uhFCzZovx-I_p4z-Gg_GuQ 2. Join my Telegram channel: https://t.me/sammysacademy 2. Phave and repost 3. Comment LKP 🦄🥂 A random winner will be selected and announced shortly! Good luck, and thank you for being an amazing Phaver community!
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CHRIS
@nakii
Gm Phaverians...TGIF...☺
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CHRIS
@nakii
Yes please
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CHRIS
@nakii
Congratulations to whoever wins
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CHRIS
@nakii
Hamster, the highest I have seen for now...
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CHRIS
@nakii
😂
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CHRIS
@nakii
🙏
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CHRIS
@nakii
Most wins in the award's history: ◉ 8 - Lionel Messi ◉ 5 - Cristiano Ronaldo Most nominations in the award's history: ◉ 18 - Cristiano Ronaldo ◉ 16 - Lionel Messi For the first time in 21 years, Messi and Ronaldo have not been nominated for the Ballon d'Or. 🏆
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CHRIS
@nakii
Gm
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CHRIS
@nakii
Phaver to the world
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Samuel Ayomide
@aeewai
@phaverapp is the first social app of the future, designed for the next generation of the internet. It ensures that users are in full control over their online experience while getting rewarded for contributions. Leading this revolutionary project into the limelight is Joonatan Lintala, an astute business visionary whose eye on the future—coupled with technical acumen—has pushed Phaver into the frontline of the Web3 social platforms. Phaver is bridging the gap between traditional social media and the exciting world of blockchain technology. Incentivizing user engagement and recognizing the value of one's digital reputation, Phaver is creating a more meritocratic and rewarding platform for all users. Currently, hundreds of thousands of users are hosted on Phaver. This is a huge success, which is, of course, a nod to Lintala's management and the platform's resilience in finding its place in the hearts of its users. As Phaver continues to evolve, it will no doubt become a staple in the decentralized so…
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