Categorized the Positive income Elasticity
Categorized the Positive income Elasticity?
Expert
It can be further categorized in to three
a) Unit income elasticity; Demand changes in same proportion to change in income. It is Ey = 1. b) Income elasticity greater than unity: An increase in income brings about a more than proportionate increase in quantity demanded. It is Ey > 1.c) Income elasticity less than unity: while income increases quantity demanded is as well raises but less than proportionately. It is Ey < 1.
What are the types of business cycle?
Illustrations of investments in human capital would comprise: (1) freeing slaves at the conclusion of the Civil War. (2) betting on the outcome of a professional wrestling match. (3) need people to pass a test on the U.S. Constitution before permittin
The Black Plague which killed millions of medieval Europeans probably mainly directly and instantly resulted in: (1) Greater trust on the mercantilist economic theory. (2) Higher standards of living for survivors. (3) More positive attitudes of early Christian theolog
Explain the meaning of business cost.
Net economic investment plus depreciation equivalents: (a) the capital output ratio. (b) gross economic investment. (c) gross domestic product. (d) the capital stock. Hello guys I want your advice. Please recommend
Describe about the term Boom in phases of business cycle.
The most valuable human capital onto the given list would be possessed through a person who: (w) inherited a great deal of money. (x) invested large sums on the stock market. (y) had an advanced degree in music education. (z) specialized like a medica
What are the advantages and disadvantages of trend projection method?
Short run total revenue of the purely competitive firm would be at a maximum along with: (1) 600 workers. (2) 700 workers. (3) 800 workers. (4) 900 workers (5) 1000 workers. Q : Definition of Managerial economics Describes the definition of Managerial economics according to Douglas?
Describes the definition of Managerial economics according to Douglas?
18,76,764
1949955 Asked
3,689
Active Tutors
1444316
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!