Elastic and Inelastic demand
An increase in the price of goods, outcomes in an increase in expenses on it. This demand is elastic or inelastic? Answer: Inelastic since there is direct relation among price and expenditure.
An increase in the price of goods, outcomes in an increase in expenses on it. This demand is elastic or inelastic?
Answer: Inelastic since there is direct relation among price and expenditure.
I can't discover the answer of this question based on heterodox explanation. Help me out to get through this question. What is the heterodox explanation of the social provisioning procedure?
When a previously competitive industry becomes monopolized along with no consequence on market demand or the structure of production costs, the effect will be: (w) higher prices and greater output. (x) lower prices and greater output.
A soft drink bottler which finds it cost efficient and gainful to deliver the chips and other snack foods all along with cola would be experiencing: (i) Economies of scope. (ii) Positive psychic income. (iii) Economies of scale. (iv) Economies of structure. (v) Diseco
Why borrowing is treated as capital receipts? Answer: Because it rises the liability of government.
Refer to the budget line illustrated in the diagram given. If the consumer's money income is $20, the: 1) prices of C and D cannot be determined.2) price of C is $2 and the price of D is $4. 3) consumer can obtain a combination of 5 units of both C and D. 4)
This would be easiest to form a cartel between: (w) retail grocers. (x) aluminum producers. (y) dairy farmers. (z) domestic marijuana producers. Can anybody suggest me the proper explanation for given problem regar
From 1950, the pre-tax and pre transfer income distribution comprises: (w) become more equitably distributed. (x) remained about constant. (y) become less equitably distributed. (z) moderated because the rich and the poor both lost income to the middl
is the price in the law of demand an absolute price or a relative price
The slope of the ray by the origin which is tangent to point b equivalents to: (w) the reciprocal of the price elasticity of demand. (x) P / Q. (y) 0a / 0c. (z) the price elasticity of supply. Q : Minimizes economic losses by When it is feasible for total revenue to cover all variable costs, an unregulated monopoly which does not price discriminate maximizes economic profits or else minimizes losses through producing the r
When it is feasible for total revenue to cover all variable costs, an unregulated monopoly which does not price discriminate maximizes economic profits or else minimizes losses through producing the r
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