Define bank rate
Bank rate: This is the rate of interest at which central bank provides loan and advance to commercial banks.
I have a problem related to price elasticity of demand. The question is illustrated as "After the price of movie tickets rose, I spent less money on movie tickets." What can you infer regarding my price elasticity of demand?
Why is the ATC bigger than AVC? Answer: ATC is bigger than AVC since ATC comprises AVC and AFC
Can someone please help me in finding out the accurate answer from the following question. The length of time needed for a firm to reach the long run is: (i) One year. (ii) Five years. (iii) Ten years. (iv) Variable and depend on the easiness of purchasing or selling
Describe the implication of big number of buyers in the perfectly competetive market.
Can someone help me in finding out the right answer from the given options. Demand curve for the DVD players would not be shifted by the change in price of: (1) Downloaded music. (2) CD players. (3) Compact disks. (4) DVD players.
An increase in the income of Consumer X leads to fall in demand for that good by that consumer. Name the good X termed? Answer: Inferior good
The fundamental economic question probably to generate answers heavily based into debatable value judgments is: (1) what goods will society produce? (2) how will resources be used to yield the goods society chooses to produce? (3) to whom will the goo
When do we state that there is an excess demand for a commodity in the market?
Kathy purchases two goods, t-shirts and caps. Her demand for t-shirts is: Qt = 44 – 3Pt - Pc + .04IThe price of caps is Pc = $2. And her income is I = $300.a. Graph a demand curve for Kathy’s t-shirts.
Disparities into the relative distributions of two variables can be demonstrated with: (w) Lorenz curves. (x) Friedman curves. (y) Engels curves. (z) Sowell curves. I need a good answer on the topic of Econ
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