Causes of decrease in demand
Illustrate any three causes of decrease in demand? Answer: 1) Reduce in income of consumer. 2) Fall in the price of alternate good.3) Increase in the price of complementary goods.
Illustrate any three causes of decrease in demand?
Answer:
1) Reduce in income of consumer. 2) Fall in the price of alternate good.3) Increase in the price of complementary goods.
From the point of view of management, the favored union membership ranking (that is, most favored to least favored) would be: (i) Closed shop, union shop, agency shop and open shop. (ii) Open shop, agency shop, union shop and closed shop. (iii) Agency shop, open shop,
The relative monetary values an individual consumer subjectively puts on containing a bit more or less of a good are termed as: (i) Consumer preferences. (ii) Demand prices. (iii) Psychic prices. (iv) Subliminal prices. (v) Consumer utilities.
Describe the wave of mergers in the banking industry?Many economic factors have caused banking institutions to merge over the past various years. What are these factors comprise Please explain breifly...
Why the coefficient of price elasticity of demand is is negative?
Multiplier: It is the number by which change in investment should be multiple in order to find out the resultant change in income and output.
Refer to the given table. If the economy is producing at production alternative C, the opportunity cost of the tenth unit of consumer goods will be:
When price discrimination is not possible this profit-maximizing monopolistic competitor charges a price of $______ as well as produces ___________ units of output: (w) $12 || 5 thousand. (x) $15 || 8 thousand. (y) $16 || 7 thousand.
Choose the right answer . A positive statement is concerned with: A) some goal that is desirable to society. B) what should be. C) what is. D) the formulation of economic policy.
Can someone help me in finding out the right answer from the given options. The value in use of your favorite Frisbee is described whenever you: (1) Play Frisbee with dog. (2) Sell it for $100 to your elder brother. (3) Auction it off at the Frisbee convention. (4) Tr
I have a problem in economics on Marginal factor Costs. Please help me in the given question. The synonymous words marginal factor costs or marginal resource costs signify to the: (p) Cost incurred in generating an additional unit of the capital. (q) Cost to the resou
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