Changes in Household Demand
The changes in a household’s tastes most directly influence the families: (1) Number of members. (2) Demands for goods. (3) Total wealth. (4) Income constraint. Can someone please help me in finding out the accurate answer from the above options.
The changes in a household’s tastes most directly influence the families: (1) Number of members. (2) Demands for goods. (3) Total wealth. (4) Income constraint.
Can someone please help me in finding out the accurate answer from the above options.
Answer the question based on given table of average retail price of milk and the Consumer Price Index from the year 1980 to 1998. Q : Increase total revenue by increasing A monopolist can raise total revenue by increasing output when: (w) demand is elastic. (x) demand is inelastic. (y) demand is unitarily elastic. (z) supply is perfectly elastic. Can someone explain
A monopolist can raise total revenue by increasing output when: (w) demand is elastic. (x) demand is inelastic. (y) demand is unitarily elastic. (z) supply is perfectly elastic. Can someone explain
The simple circular flow model illustrates that: A) households are on the buying side of both product and resource markets. B) businesses are on the selling side of both product and resource markets. C) households are on the selling side of the resource market and on
Transaction costs tend to be decreased, consumer prices tend to be lower and additionally stable and economy-wide efficiency is enhanced if: (1) rigid wage and price controls are imposed. (2) central planning fosters
Conditions of producers equilibrium: The conditions of producers equilibrium through the marginal cost and marginal revenue approach are as follows. 1. Marginal cost should be equal to marginal revenue.
Grape jelly and Peanut butter are strong complements. Assume that severe mold ruined half of this year’s peanut harvest. When the grape jelly market was primarily in equilibrium on S0D0, then this market would shift to: (a) S1D0. (b) S0D2. (c) S2D0. (d) S2D2. (e
When decreasing ticket prices for Usher concerts raises total revenues, in that case the demand for tickets for Usher concerts: (1) perfectly price elastic. (2) relatively price elastic. (3) unitarily price elastic. (4) relatively pri
Which kind of revenue receipts are considered as legally compulsory payment imposed on people by the government? Give illustration also. Answer: Taxes imposed on th
Economically, the labor unions can be thought of as the: (i) encouraging competition between the workers for jobs. (ii) Rising the flexibility of nominal wages. (iii) Attempts to cartelize and unite the individual sellers of labor. (iv) Having a goal of the minimum un
Which of the given commodities contain inelastic demand? A) Salt B) A particular brand of lipstick C) Medicines D) Mobile phone E) School uniform
18,76,764
1952731 Asked
3,689
Active Tutors
1424847
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!