identify and explain the concept from the given illustrations Seema measured the general changes in a single variable over a period of time
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(cosx+cosy)
2
+(sinx−siny)
2
=4cos
2
2
x+y
(cosx+cosy)2+(sinx−siny)2=4cos22x+y
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Concept Value in exchange
The concept from the given illustration Seema measured the general changes in a single variable over a period of time is the '' Concept Value in exchange''
- The contrast between the value in use and the value in trade is demonstrated by the law of DMU, which clarifies the paradox of values.
- Some goods are highly valuable when traded.
- When ownership of goods is transferred from one person to another, possession utility results.
- The contrast between the value in use and the value in trade is demonstrated by the law of DMU, which clarifies the paradox of values. Some goods are precious when traded.
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