Define market supply
Market supply: It refers to the sum of all outputs of all producers of a good at a price throughout a given time period.
Elucidate what kind of market supply and demand information would be use full to you in deciding on a business policy?
Calendar Anomaly: Calendar anomalies can be defined as any irregularity or consistent pattern occurring at a regular interval or at a specific time in calendar year. Presence of these anomalies in a calendar year is the biggest threat to the concept o
Allocating scarce resources hence they are put to the uses which best satisfy consumer wants is facilitated through: (w) highly bureaucratic, centralized decision making. (x) tax breaks for wealthy people which “trickle down” to consumers. (y) vigorous com
Question: Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use e
Can someone please help me in finding out the accurate answer from the following question. If a firm's wage structure reflects the keenness of individual employees to work, terms which are most applicable comprise: (i) Monopsonistic exploitation and the wage discrimin
Assuming which marginal revenue equals $4 and marginal cost equals $5, a monopolist could raise profits by: (w) lowering both price and output. (x) increasing both price and output. (y) increasing price and decreasing output. (z) decr
Price floor: Price floor refers to the lowest amount price fixed by the government over the market determined price and hence the producers of the necessary items such as wheat, rice and so on might not experience losses.
For most families inside the United States, there the income elasticity of demand appears to be lowest, upon average, while looking the demand for: (1) better government. (2) environmental quality. (3) education. (4) children. (5) vac
The resource most probable to be viewed as the fixed in short run by a firm which operates a cable TV and Internet connection system would be: (1) Unskilled workers who bury the cable. (2) The personal computer (3) Satellite dishes that it has leased to the customers.
what are the implications of law of demand to the government,household and business
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