Define change in demand
Change in demand: When change in demand takes place due to change in factor other than price, it is termed as change in demand.
Determine the relationship among APC and APS? Answer: APC + APS = 1.
A tax will be forward-shifted totally when the demand curve is: (w) downward sloping and the supply curve are horizontal. (x) horizontal and the supply curve is upward sloping. (y) perfectly price inelastic and identical to the supply
The shift of the budget line from cd to ab in the below given figure is consistent with: 1) decreases in the prices of both M and N . 2) an increase in the price of M and a decrease in the price of N . 3) a decrease in money income. 4) an increase in money inc
Kinds of output subsequently used to generate other goods are termed as: (w) land. (x) labor. (y) capital. (z) primary resources. Hey friends please give your opinion for the problem of Eco
Investment demand function: Investment demand function is the relationship among rate of interest and investment demand. There is an inverse relationship among the rate of interest and investment demand. High inter
A fundamental principle of finance is that the value of any of investment is: (w) the discounted present value of all future net cash flows expected by the investment. (x) negatively related to the future net cash flows generated from the investment. (y) the sum of al
Immobility of the labor is significant economically as: (1) Most of the people like to move, however cannot. (2) People in high salary occupations won't be completely compensated for the costs and difficulties related with their occupations. (3) It we
The people who anticipate prices to increase soon will tend to rise their: (i) Current demands for the durable goods. (ii) Waiting time prior to buying. (iii) Saving as a result they can afford higher prices. (iv) Current supplies.
Normal 0 false false
Economic discrimination occurs while: (1) economic rents are received by resource suppliers. (2) wages are proportional to workers’ differing productive contributions. (3) household incomes differ because of different resource ownership. (4) pur
18,76,764
1959052 Asked
3,689
Active Tutors
1449714
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!