Example of simultaneous changes in both supply and demand
Elucidate an example of simultaneous changes in both supply and demand?
Expert
An application “Pink Salmon” is an example of simultaneous changes in both supply and demand. An increase in supply occurs because of the expansion of fish farms, efficient fishing boats as well as new entrants to the industry. There is a decrease in demand because of increase in income as well as changes in consumer preference which shows pink salmon to be an inferior good.
Define cyclical fluctuations?
Give a brief introduction of the term combined leverage? And in what manner it is calculated?
Elucidate various national currencies of foreign exchange market?
Question: If a government pegs the value of its currency to another currency, the government must stand ready to i. _________________________ the "hard" currency to defend the pegged value of its own currency. ii.
Question: A country with a fixed or managed exchange rate would consider i.___________________ its currency to gain competitive advantage vis-à-vis its trade
Distinguish between a change in supply and a change in the quantity supplied?
Illustrate the advantage and disadvantage of Sole proprietorship?
Briefly explain the use of graphs as a way to present economic relationships. What is an inverse relationship?
Successful speculation tends to: (1) generate inflationary pressure. (2) assist stabilize relative prices. (3) reduce the incomes of the eventual producers of goods. (4) make relative prices more volatile. (5) increase the risk born through the eventu
Economic efficiency for society needs which the: (i) opportunity costs of all goods be at their lowest possible values. (ii) maximum probable benefits are acquired for given costs. (iii) greatest possible net benefits are squeezed through available re
18,76,764
1945296 Asked
3,689
Active Tutors
1438461
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!