Commodities of inelastic demand
Which of the given commodities contain inelastic demand? A) Salt B) A particular brand of lipstick C) Medicines D) Mobile phone E) School uniform
Expert
Salt, medicines and school uniform encompass inelastic demand. The cause being that a consumer has to purchase such commodities even via price of such commodities changes.
Even a substantial modification in price leaves the demand unaffected.
The supply curve for perishable goods which, once produced, can’t be stored in inventory is generally functioned as perfectly price inelastic into the: (i) short-run. (ii) intermediate period. (iii) long-run. (iv) market period. (v) fiscal year
Different from Firm D, Firms A and B as well as C are all: (w) profitable firms that enjoys significant market power. (x) purely-competitive price-takers and quantity-adjusters. (y) pure monopolies. (z) perfectly inelastic suppliers. Q : Operation in the short run of fixed The curves demonstrated in this figure reflect that: (i) operation in the short run since fixed costs can be measured in the graph. (ii) a disequilibrium that will force some competitors to exit this market. (iii) how firms innovate new technologies in response to pro
The curves demonstrated in this figure reflect that: (i) operation in the short run since fixed costs can be measured in the graph. (ii) a disequilibrium that will force some competitors to exit this market. (iii) how firms innovate new technologies in response to pro
Lower bond prices arise simultaneously while there are increases into: (1) optimism among investors in economic capital. (2) government budget surpluses. (3) the rates of saving by households. (4) the liquidity of all financial assets. (5) interest ra
This figure in below is demonstrates the operations of a profit-maximizing pure competitor into the: (1) market period. (2) short run. (3) long run. (4) super long run since this can alter technology. (5) shutdown range of production. Q : Income elasticity of inferior goods Negative income elasticities of demand entail those goods are: (1) luxuries. (2) necessities. (3) inferior. (4) substitutes. (5) expensive. Can anybody suggest me the proper explanation for given problem regarding
Negative income elasticities of demand entail those goods are: (1) luxuries. (2) necessities. (3) inferior. (4) substitutes. (5) expensive. Can anybody suggest me the proper explanation for given problem regarding
I can't able to discover the solution of this question .Help me to get answer of this question so that I can complete my assignment. Why is the factor input demand functions utilized to construct cost functions?
When the U.S. imposes quotas which restrict imports of textiles from China, this decrease the: (w) demand for textiles within the U.S. (x) supply of Chinese textiles to Europeans. (y) supply of textiles in the U.S. (z) incomes of U.S. textile makers. Q : Question on demand and supply Refer to Refer to the following diagram. A decrease in supply is illustrated by a: A) move from point x to point y. B) shift from S1 to S2. C) shift from S2 to S1. D) move from point y to point x. Q : Levels of the Poverty Line In 2005 In 2005 year, the proportion of people along with family incomes below the official poverty line into the United States was around: (w) one in eight. (x) one in ten. (y) two in twenty five. (z) one in twenty. Discover Q & A Leading Solution Library Avail More Than 1421335 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1949498 Asked 3,689 Active Tutors 1421335 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
Refer to the following diagram. A decrease in supply is illustrated by a: A) move from point x to point y. B) shift from S1 to S2. C) shift from S2 to S1. D) move from point y to point x. Q : Levels of the Poverty Line In 2005 In 2005 year, the proportion of people along with family incomes below the official poverty line into the United States was around: (w) one in eight. (x) one in ten. (y) two in twenty five. (z) one in twenty. Discover Q & A Leading Solution Library Avail More Than 1421335 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1949498 Asked 3,689 Active Tutors 1421335 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
In 2005 year, the proportion of people along with family incomes below the official poverty line into the United States was around: (w) one in eight. (x) one in ten. (y) two in twenty five. (z) one in twenty. Discover Q & A Leading Solution Library Avail More Than 1421335 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1949498 Asked 3,689 Active Tutors 1421335 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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