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.
Determinants of supply do not comprise: (1) Government regulations. (2) Technology. (3) Resource prices. (4) Prices for other producible goods. (5) Tastes and preferences. Can someone please help me in finding out the accurate answ
Please help me to solve the problem of total revenue that is given below: Total revenue can be computed by the formula as: (w) P + Q. (x) P * Q. (y) ep * P. (z) ep * Q. Hello gu
Far more than economists and sociologists tend to emphasize human needs for power, status, and class. Research which supports the perspective of sociologists comprises findings that: (1) people whose incomes are the average of per capita world income
According to law of diminishing marginal utility, the consumer inevitably arrives a point where: (i) Net satisfaction derived from good declines. (ii) Consumer suffers from total satiation from some good. (iii) Extra satisfaction outcome by extra unit
Setting a price ceiling below the equilibrium price will: (w) bring the equilibrium price down. (x) create excess demand at the maximum price. (y) create excess supply at the maximum price. (z) clear the market at the maximum price.
The percentage of American families that stay put destitute year after year is around: (w) 1 2%. (x) 3 5%. (y) 5 7%. (z) 8 10%. Hello guys I want your advice. Please recommend some views for above Economics problem
Negative income tax proposals call for: (w) paying $1 in taxes on every dollar of transfer payments. (x) reducing welfare benefits by levying higher income taxes. (y) instituting consistent work incentives for welfare recipients. (z) establishing a ne
Legal barriers to entry do NOT comprise: (1) outright governmental prohibition of entry. (2) protection of inventions by patent. (3) licensing and bonding restrictions. (4) substantial economies of scale. (5) copyrights for music, computer software an
Data on poverty into the United States indicate which: (w) in absolute numbers, additionally blacks are below the poverty line than whites. (x) in absolute numbers, more whites are below the poverty line than blacks. (y) the poverty rate is lower for
Revenue deficit: Whenever revenue expenses are greater than revenue receipts, it is termed as revenue deficit.
18,76,764
1960178 Asked
3,689
Active Tutors
1436074
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!