Price of Substitute goods
What occurs to the demand for a good whenever the price of Substitute goods downs?Answer: Whenever the price of substitute good downs, then the demand for the specified good too downs.
When Christmas trees are a constant cost industry and such firm is typical, in that case the industry’s long-run supply curve is curve that is: (w) A. (x) B. (y) C. (z) E. Q : Demand curve facing each firm Question: Question: (1) Suppose the jeans industry is an oligopoly in which each firm sells its own distinctive brand of jeans, and each firm believes its rivals will not follow its price increases but will
Question: (1) Suppose the jeans industry is an oligopoly in which each firm sells its own distinctive brand of jeans, and each firm believes its rivals will not follow its price increases but will
The least possible costs of alternative outcomes to the primary economic question of “what?” can be represented with the production possibilities curve through: (1) The slopes of movements all along the curve. (2) Shifting the curve up by
When you buy a bond when the interest rate is 10 percent and sell it while the interest rate is 15%, you will obtain: (w) less than you paid for the bond. (x) more than you paid for the bond. (y) identical amount that you paid for the bond. (z) income
Relative to the equally strong, smart and hard working people with minimum education, the high school graduates who invest much heavily in more advanced formal education are probable to experience the lower average: (i) Wages whenever first enter the work force. (ii)
Assume that the male nurses are salaried more than female nurses for the similar work. When an ‘equal pay for equal work’ law is passed and enforced, this might: (i) Decrease the wages of male nurses. (ii) Not influence the wages of the female nurses. (iii
a monopolist has two plants with two different cost functions.given output for one plantis given how do calculate output for the other plant?
A monopolist selling several dierent products can sometimes "price discriminate" by bundling her products together. Here's an example. Suppose the U of C is planning to oer a series of two concerts. The rst program in the series consists of music by Chopin; the second, music by Stravinsky
In output markets, the simple circular flow model, households replace their _________ for _________.Can someone help me in determining the right answer from the given options. (1) Resources | income. (2) Labor | goods. (3) Income | goods. (4) Go
Government budget: Government budget demonstrates the estimated receipts and estimated expenses of the government for 1-year.
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