Summary of what can cause a decrease in demand
Illustrate a summary of what can cause a decrease in demand?
Expert
A summary of what can cause a decrease in demand:
a. Unfavorable change in consumer tastes,
b. Decrease in number of buyers,
c. Falling income if product is a normal good,
d. Rising income if product is an inferior good,
e. Decrease in price of a substitute good,
f. Increase in price of a complementary good,
g. Consumers’ expectations of lower prices, or incomes in the future.
Jeremy Bentham’s musings given main philosophical foundations for: (1) the abolition of slavery. (2) syndicalism. (3) free international trade. (4) feudalism. (5) utilitarianism. Can someone explain/help me w
Briefly explain the use of graphs as a way to present economic relationships. What is an inverse relationship?
After agonizing regarding whether to buy a hot dog or a hamburger along with his last dollar while he goes to the fair, Jeeter at last chooses the hot dog. The hamburger shows Jeeter's: (i) normative choice, because it would be more nutritious. (ii) opportunity cost o
Why an economic problem does arise? Answer: It arises due to following reasons: A) Shortage of resources. B) Alternative utilizations of resources. C) Limitless wants and limited resources.
Relative to other systems, economies in that people exchange goods or resources directly along with other people for other goods or resources without using money like a usual denominator rely relatively heavily upon: (i) barter. (ii) specialization. (
Describe briefly Distinction between the term Component cost and Composite cost?
Describe Spillovers and externalities?
Question: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments." Briefly comment on this
Question: Some developing countries have suffered banking crises in which depositors lost part or all of their deposits (in some countries there is no deposit insurance). This type of crisis decreases depositors' confidence in the banking syst
The expected losses to workers by shirking are increased while a firm adopts a policy of: (1) dividing productive tasks therefore the division of labor is optimal. (2) paying efficiency wages that exceed market-clearing wages. (3) avoiding legal liability from not wri
18,76,764
1943611 Asked
3,689
Active Tutors
1448903
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!