Define Inferior good
Inferior good: It is a good for which, other things equivalent, a rise in income leads to a reduction in demand.
The real market rate of interest will increase when there is an increase into: (w) pessimism on the parts of investors. (x) willingness to hold illiquid assets. (y) total capital stock relative to national output. (z) households’ desires to cons
An increase in the income of consumer X leads to a fall/down in the demand for that good by the consumer. What is good X termed? Answer: Normal good
I have a problem in economics on Short run for production. Please help me in the following question. In short run for production: (1) Both variable and fixed costs exist. (2) Productive capacity might be adjusted. (3) Unprofitable firms shut down. (4) No fresh workers
The market system's answer to the fundamental question "Who will get the goods and services?" is essentially: 1) "Those willing and able to pay for them." 2) "Those who physically produced them." 3) "Those who most need them." 4) "Those who get utility from them."
One political benefit of the market system over the majority of other economic systems is that: (1) The power to take decisions is comparatively decentralized. (2) Democratic decisions are steadier than individual selections (3) Centralized decisions
HoloIMAGine has patented a holographic technology which makes 3-D photography obtainable to consumers. So the demand curve facing HoloIMAGine has unitary price elasticity at: (i) output q1. (ii) output q3. (iii) output q4
In the above diagram, the elimination of discrimination is best represented by:
Can someone please help me in finding out the accurate answer from the following question. Siberian Software vends custom programs to multinational corporations. Its programs are coded in a remote region. In equilibrium, the Siberi
The word economists employ to explain a condition where a powerful seller confronts the powerful buyer is: (1) Reciprocal exploitation. (2) Strategic bloc management. (3) Dialectical bargaining. (4) Ancillary reciprocity. (5) Bilateral monopoly. Q : Patent new invention included in Predatory behavior would not comprise: (w) aggressive advertising. (x) monopolizing access to essential resources. (y) lowering prices. (z) getting a patent on a new invention which is likely to start a new industry. Discover Q & A Leading Solution Library Avail More Than 1429088 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1956087 Asked 3,689 Active Tutors 1429088 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
Predatory behavior would not comprise: (w) aggressive advertising. (x) monopolizing access to essential resources. (y) lowering prices. (z) getting a patent on a new invention which is likely to start a new industry. Discover Q & A Leading Solution Library Avail More Than 1429088 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1956087 Asked 3,689 Active Tutors 1429088 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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