Determinants of demand affect the price
For a particular product how do the determinants of demand affect the price?
Expert
As demand for a goods increases the price also increases accordingly. So any determinant of demand which has positive or negative effect on demand will have the same effect on the price.
When you compute cross-elasticity of demand, what are you trying to find out? What do a negative coefficient and a positive coefficient imply?
When demand for a consumer good is relatively price elastic, in that case: (i) total spending will decline when the price rises. (ii) the demand curve is vertical. (iii) the price of the good is determined through supply alone. (iv) the quantity respo
Hey guys I need your idea for this query regarding the total costs as illustrated graph that this profit-maximizing pure competitor’s total cost (TC) equals area as: (w) 0Phq2. (x) 0bgq2. (y) 0aeq1. (z) daef. Q : Problem on equilibrium market price I I have a problem in economics on equilibrium market price. Please help me in the following question. The equilibrium market price subsists only if: (1) Quantity demanded equivalents the quantity supplied. (2) Surpluses exceed the shortages. (3) Expert
I have a problem in economics on equilibrium market price. Please help me in the following question. The equilibrium market price subsists only if: (1) Quantity demanded equivalents the quantity supplied. (2) Surpluses exceed the shortages. (3) Expert
When a farmer grows wheat and rice, how will a raise in the price of wheat influence the supply curve of rice? Answer: The Supply curve of rice will shifted to the
When this firm maximized total revenue in place of economic profits, in that case its total revenue would be: (w) $72,000 per period. (x) $80,000 per period. (y) $96,000 per period. (z) $100,000 per period.
The removal of exploitation of labor [that is, wage payments beneath the value to society of each and every individual worker’s productive contribution] is automatic when business decision makers: (1) Should set wages via collective bargaining agreements with th
Can someone please help me in finding out the accurate answer from the following question? The firm probable to encompass significant monopsony power in its labor market would be: (v) Big cotton farm in the Texas hiring migrant workers. (w) Textile manufacturer in Hon
When households shift by an emphasis on cash into their portfolios and more stocks and bonds since they have become more willing to hold less liquid assets, in that case the: (w) interest rate rises. (x) present value of future income falls. (y) inter
Question: (1) Suppose the jeans industry is an oligopoly in which each firm sells its own distinctive brand of jeans, and each firm believes its rivals will not follow its price increases but will
18,76,764
1936744 Asked
3,689
Active Tutors
1430161
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!