Causes of Increase in demand
Describe the causes of Increase in demand?Answer: 1) Increase in income of the consumer.2) Price of substitute goods increase.3) Price of complementary goods down/fall.4) Tastes and preferences of a consumer rise.
Describe the causes of Increase in demand?Answer:
1) Increase in income of the consumer.2) Price of substitute goods increase.3) Price of complementary goods down/fall.4) Tastes and preferences of a consumer rise.
An approximate estimate of the price elasticity of demand is best computed by the absolute value of the formula: (1) change in P / change within Q. (2) % change in Q / % change in P. (3) % change in Q / % change in income. (4) % chang
Each negatively sloped linear demand curve consists of: (1) variable slope. (2) price elasticity coefficients which increase when the price falls. (3) price elasticity which range from zero to infinity. (4) a price elasticity of one at whole points. (5) an inelastic region above
I have a problem in economics on Labor union monopoly. Please help me in the following question. As compared to pure competition, beneath a pure labor union monopoly, the wage will tend to: (1) Higher and employment will also be higher. (2) Lower and
When 40 percent of total personal income was received by 20 % of the highest income families, in that case the: (w) income distribution would be perfectly equal. (x) income pattern would be foreign to the U.S. (y) Lorenz curve would be the 45 degree r
The marginal tax rate upon earned income under negative income tax system demonstrated in this figure is: (1) 15 percent. (2) 20 percent. (3) 25 percent. (4) 33.3 percent. (5) 50 percent. Q : Maximum possible profitable firm A firm A firm possessing important market power may suffer by managerial slack [X-inefficiency] and unessential high costs, which implies that, the firm: (i) is likely to be absorbed through a predatory rival. (ii) realizes less than the max
A firm possessing important market power may suffer by managerial slack [X-inefficiency] and unessential high costs, which implies that, the firm: (i) is likely to be absorbed through a predatory rival. (ii) realizes less than the max
Nostalgia Corporation has controlled to lock-up the rights to each black-and-white film ever made, as well as the response to its infomercials has been astounding. The initial point Nostalgia requirement to identify in its quest to maximize profit is:
The successful employment of expensive marketing techniques through established competitors in an oligopoly: (w) encourages entry by other profit maximizing firms. (x) raises the minimum efficient scale of production for new entrants. (y) acts as a re
Technological advance in producing both capital goods and consumer goods is illustrated by the shift of the production possibilities curve from AB to: 1) CD. 2) EB. 3) AF. 4) GH. Q : Small market capitalization Why would Why would stocks perform better in the month of January than other months of the year, and discuss whether small market capitalization companies outperform large capitalization companies in the short to medium term?
Why would stocks perform better in the month of January than other months of the year, and discuss whether small market capitalization companies outperform large capitalization companies in the short to medium term?
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