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.
The Economics students are most probable to recall conceptually the different determinants of amounts of a good which people will purchase when they contemplated an acronym based on how: (i) Much they will spend out of their initial paycheck whenever
Can someone please help me in finding out the accurate answer from the following question. When an aluminum producer as well mined bauxite ore (employed in aluminum production) and manufactured beer cans, it will be: (i) The diagonal partnership. (ii) Vertically integ
I have problem in this question based on law of demand. Provide me correct answer of this. Described the circumstances in which the "general law of demand" not hold?
Under negative income tax system demonstrated in this figure, where a family of four all along with earned income of price of $15,000 per year would have a net income after-tax, as of: (1) $30,000 per year. (2) $27,500 per year. (3) $
The central bank performs as lender of last resort. Explain how? Answer: The central bank too acts as lender of last resort for other banks of the country. This mea
In below this demonstrated figure, there demand curve: (w) D0D0 is perfectly price-inelastic. (x) DD is perfectly price-elastic. (y) DD has a price elasticity coefficient of unity (1). (z) D0D0 has a price e
The increase in the price of a good generally also rises the: (i) Demands for its substitutes. (ii) Supply of its complements. (iii) Purchasing power of the consumer incomes. (iv) Demand for its complements. Can someone please help
Adjust production in all profit-maximizing firms to a level where the marginal: (i) revenue most greatly exceeds average total cost. (ii) revenue curve is at its maximum height. (iii) cost curve is at its lowest point. (iv) cost curve intersects the m
At point a, in below figure the supply curve into this graph: (w) perfectly elastic. (x) relatively elastic. (y) unitarily elastic. (z) relatively inelastic. Q : Evalute clothing market Evalute the Evalute the statement. Generally People buy clothing in the city where they live. Therefore there is a clothing market in, say, Atlanta that is distinct from the clothing market in Los Angeles. This statement is tr
Evalute the statement. Generally People buy clothing in the city where they live. Therefore there is a clothing market in, say, Atlanta that is distinct from the clothing market in Los Angeles. This statement is tr
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