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.
‘Are rail companies being sympathetic to students in providing cheaper fares with young person’s rail-cards?’
Can someone help me in finding out the precise answer from the given options. In the year 2005, the San Antonio Spurs basketball team increased all ticket prices and attendance surpassed the year 2004 attendance, pointing out a raise in the: (i) Upward slope of ticket
The below table presents the three possible states for stocks A and B returns. (a) De
If the resource suppliers are paid less than the values of their marginal products [VMPs], then they are stated to be: (i) In equilibrium. (ii) Exploited. (iii) Monopolistic. (iv) Monopsonistic. Can someone please help me in findin
I have a problem in economics on Consumers and corrupt governmental processes. Please help me in the following question. John Kenneth Galbraith believes that the big corporations: (1) Must be broken up to the foster competition. (2) Manipulate the con
Ticket-scalpers allow latecomers to ignore standing into line for tickets and permit people to wait till the last moment before deciding to attend athletic or concerts events. Are promoters of an event harmed through scalping? Must ticket scalpers' services be free? S
When a previously competitive industry becomes monopolized along with no consequence on market demand or the structure of production costs, the effect will be: (w) higher prices and greater output. (x) lower prices and greater output.
Sally is very rich that money hardly matters to her, although when the price of JIF chunky peanut butter doubled Sally switched to Peter Pan chunky peanut butter. This alters is an example of the: (1) Income effect. (2) Payback effect. (3) Substitution effect. (4) Pri
Transaction costs are costs mainly related with the: (w) transportation and gathering information about goods or resources. (x) direct production costs for goods. (y) inputs quite than outputs. (z) supply prices rather than demand prices.
By refering the following data give the answer of this question . The total variable cost of producing 5 units is: A) $61. B) $48. C) $37. D) $24.
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