--%>
Assignment Help - homework help

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.

   Related Questions in Microeconomics

  • Q : Problem on Vertical Integration Can

    Can someone please help me in finding out the accurate answer from the following question. When an aluminum producer as well mined bauxite ore (employed in aluminum production) and manufactured beer cans, it will be: (i) The diagonal partnership. (ii) Vertically integ

    		•
  • Q : Adjust production in profit-maximizing

    Adjust production in all profit-maximizing firms to a level where the marginal: (i) revenue most greatly exceeds average total cost. (ii) revenue curve is at its maximum height. (iii) cost curve is at its lowest point. (iv) cost curve intersects the m

    		•
  • Q : Monopolistic competition firm in

    firm in monopolistic competition maximizes its profit by producing where its price is equal to its marginal cost." Is this statement correct or incorrect? Explain.

    		•
  • Q : Compute price elasticity At price of

    At price of Rs. 20 the unit quantity demanded is 300 units. Its price downs by 10% its quantity demanded rises by 60 units. Compute price elasticity. Answer: <

    		•
  • Q : Determine inferior good by income

    As in below figure demonstrates how consumption of goods A, B, C, and D varies like a family’s income changes. Of such goods, the only inferior good: (w) good A. (x) good B  (y) good C. (z) good D.

  • Q : What is indifference curve Indifference

    Indifference curve: It demonstrates various combinations of two goods that provide identical level of satisfaction to the consumer.

    		•
  • Q : Nondiscriminating monopolists in short

    Within short run equilibrium, there nondiscriminating monopolists will: (w) charge prices greater than their marginal costs. (x) produce outputs which maximize social welfare. (y) produce where their total revenues are maximized. (z)

    		•
  • Q : What supply curve illustrates What

    What supply curve illustrates?

    		•
  • Q : Discrimination In the above diagram,

    In the above diagram, the elimination of discrimination is best represented by:

    		•
  • Q : Quantity supplied to relative change in

    The price elasticity of supply approximately measures the ratio of relative as: (w) profit to the amounts firms supply at different prices. (x) price increase necessary to induce a firm to raise output. (y) change within the quantity supplied to a rel

    		•