Elasticity of demand curve
In which form of market, the demand curve is more elastic and why? Answer: Demand curve is more elastic under monopolistic since of the availability of close substitute.
In which form of market, the demand curve is more elastic and why?
Answer: Demand curve is more elastic under monopolistic since of the availability of close substitute.
If estimating the nature of a probability function for an event entails considerable guesswork since experience along with the event is more sporadic or rare which any estimates are extremely speculative, in that case we confront a concept Fra
I have a problem in economics on Hike in relative price of a good. Please help me in the following question. The hike in relative price of a good will quickly increase the: (i) Quantity demanded. (ii) Market supply. (iii) Rate of inflation. (iv) Quant
Is the assertion such that "Everyone all the time buys everything at the lowest possible price" right? Have you paid more than you had to for any good yet, after permitting for all transaction costs?
Price discrimination arises whenever: (1) prices are exactly proportional to average variable costs. (2) customers who refuse to pay the market price must go without. (3) a good is sold at different prices not reflecting differences in costs. (4) perf
When a supply curve is positively sloped, a raise in demand will increase the equilibrium price as well as: (w) raise the quantity supplied. (x) raise supply. (y) decrease the quantity supplied. (z) decrease supply.
Profit is maximized as in illustrated graph when this purely-competitive lumber mill produces at: (1) point a. (2) point b. (3) point c. (4) point d. (5) point e. Q : Determine price and quantity when When the demand and supply for a good both raise, price: (w) and quantity both rise. (x) and quantity both fall. (y) falls but quantity increases. (z) changes need more information, when quantity rises. Q : Difference between opportunity cost and Differences among the opportunity cost of a purchase through a consumer and the seller’s price are increased through: (w) taxes. (x) intermediaries. (y) competition. (z) speculators. Can anyb
When the demand and supply for a good both raise, price: (w) and quantity both rise. (x) and quantity both fall. (y) falls but quantity increases. (z) changes need more information, when quantity rises. Q : Difference between opportunity cost and Differences among the opportunity cost of a purchase through a consumer and the seller’s price are increased through: (w) taxes. (x) intermediaries. (y) competition. (z) speculators. Can anyb
Differences among the opportunity cost of a purchase through a consumer and the seller’s price are increased through: (w) taxes. (x) intermediaries. (y) competition. (z) speculators. Can anyb
In equilibrium for the price maker firm, the rate of monopolistic exploitation is the difference between: (i) P and MR. (ii) P and MC. (iii) Total revenue and net cost per unit of output. (iv) Output price and rate of monopsonistic exploitation. (v) VMP and MRP.
The rate of return on financial assets tends to be negatively associated to: (w) probability of default. (x) liquidity. (y) risk. (z) time to maturity. Please guys help to solve this problem of Economics
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