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 have a problem in economics on reading the Production Possibilities Frontiers graph. Please help me in determining the right answer from the following question. The graph below depicts the mythical country of the Sandwichia’s: Q : Problem on Labor Unions and Wages The The Industrial unions try to accomplish wage rates above the competitive level through: (i) Limiting the supply of labor to the industry. (ii) Raising the supply of labor. (iii) Raising the productivity of the labor in an industry. (iv) Member’s agreeing to work
The Industrial unions try to accomplish wage rates above the competitive level through: (i) Limiting the supply of labor to the industry. (ii) Raising the supply of labor. (iii) Raising the productivity of the labor in an industry. (iv) Member’s agreeing to work
Whenever kids abandon a short-lived fad for Dinosaur action figures, this would be exhibited by the: (1) Left-ward shift of demand curve. (2) Right-ward shift of supply curve. (3) Right-ward shift of demand curve. (4) Left-ward shift of supply curve. (5) Movement down
I have a problem in economics on Problem regarding Wage Discrimination. Please help me in the following question. The economic term applied if equally productive workers are paid various wages is: (i) Wage discrimination. (ii) Racism. (iii) Employment
How does rise in price of a substitute good in consumption influence the equilibrium price?
Capitalization is the process whereby wealth is produced and after that recognized when: (1) financial institutions transform households’ saving in economic investment. (2) asset prices are adjusted through market forces to reflect the present v
The burden of an excise (i.e., per unit) tax would reduce solely upon suppliers of the taxed good within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D. Q : Firms in industry change When the firms When the firms are earning abnormal gains, how will the number of firms in industry change? Answer: The number of firms in industry will tend to rise.
When the firms are earning abnormal gains, how will the number of firms in industry change? Answer: The number of firms in industry will tend to rise.
The Aid for Dependent Children (AFDC), program has been condemned most for: (w) high crime rates among the poor. (x) the disintegration of low income family structures. (y) indifference to the plight of the less fortunate. (z) the bankruptcies of Clev
If APP is at its maximum, then what is the relationship among MPP and APP? Answer: MPP = APP
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