--%>
Assignment Help - homework help

Change in response in determinants of demand

In short run, the demand for mink coats is least probable to change in response to: (i) Development of the petroleum based faux fur fabric which can’t be differentiated from genuine mink except via DNA analysis. (ii) Armies of animal rights activists who splash paint on the passers-by who wear the fur coats. (iii) Reductions in the prices of mink coats. (iv) Extraordinarily mild winter weather in the New York, London, Paris, Moscow and Beijing. (v) Huge redistributions of income from rich to the poor in the US.

Find out the right answer from the above options.

   Related Questions in Microeconomics

  • Q : Critics of contribution standard of

    Critics of contribution standard of the income distribution often: (w) cite inequality as evidence of inequity. (x) assert which private individuals must not be capable to accumulate any assets. (y) believe charitable giving should be

    		•
  • Q : Adverse Selection example Can someone

    Can someone please help me in finding out the accurate answer from the following question. The car dealer never proposed to honor a guarantee on a utilized car, providing an illustration of: (1) Moral hazard. (2) Economic dishonesty. (3) Price discrimination. (4) Mark

    		•
  • Q : Problem on market demand for chewing gum

    The market demand for the chewing gum is as: QG = 300 – 40PG – 8PS + 0.05IHere:QG = Quantity of gum demandedPG = price of gumPS = price of sodaI = average inc

    		•
  • Q : Determine supply curve for perfectly

    Assume that all such curves in below demonstrated graph are infinitely long straight lines. The supply curve which is perfectly price-elastic is: (1) supply curve S1. (2) supply curve S2. (3) supply curve S3. (4) suppl

    		•
  • Q : Analytic Time-Technological Long Run

    The chronological time needed for the technology to respond to modifications in profit opportunities (that is, the technological long run, also termed as super long run or temporal long run) is: (1) Longer than analytical long run for firm. (2) Shorter than market per

    		•
  • Q : Monetary price and Transaction Costs

    You are more probable to shop at a remote farmer’s market at a lower monetary price instead of purchasing apples at a higher monetary price at the local grocery store if: (i) Possible, as production is cheaper at the farmer’s market. (ii) You want to purch

    		•
  • Q : Reduce average total costs by

    Individual pure competitive firms as well as firms along with market power may each be capable to: (i) reduce average total costs by increasing the size of its operations or economies of scale else decreasing the size of its operations [as diseconomie

    		•
  • Q : Monopsonistic Exploitation-Wage

    Whenever a firm's wage structure imitates the keenness of individual employees to work, terms which are most applicable comprise: (1) Monopsonistic exploitation and the wage discrimination. (2) Monopolistic exploitation and the separation of control and ownership. (3)

    		•
  • Q : Average Product and Marginal Product

    State the relationship among Average Product and Marginal Product? A) If MP > AP, then AP is rising B) If MP = AP, then AP is maximum C) If MP < AP, then AP is falling

    		•
  • Q : Product differentiation through

    Firms are not only trying to differentiate their products within the minds of consumers while: (1) main networks launch comparable programs to mimic successful “reality TV” shows. (2) beer advertisers feature wild parties in TV advertisements. (3) a deterg

    		•