What is change in quantity demanded
Change in quantity demanded: When change in demand takes place due to price alone, it is termed as change in quantity demanded.
Individual demand and market demand schedules: Individual demand schedule states the quantities required by an individual consumer at various prices. Q : Define multiplier Multiplier : It is Multiplier: It is the number by which change in investment should be multiple in order to find out the resultant change in income and output.
Multiplier: It is the number by which change in investment should be multiple in order to find out the resultant change in income and output.
Can someone help me in finding out the right answer from the given options. The enormously high profits of big corporations are: (1) Incentives which attract the competition by other firms. (2) Immune to the business cycles. (3) Mainly due to the corporate manipulatio
When a price hike from $15 to $20 for DVD disks causes sales of DVD players to reduce from 100 to 50 units, in that case the coefficient of cross-elasticity of demand among these goods is approximately: (w) 1/10. (x) 10. (y) 7/3. (z)
I have a problem in economics on Exploitation of Labor Please help me in the following question. The exploitation might not exist even when wage a worker is paid is less than the worker’s: (1) average revenue product. (2) The value of marginal p
Define Marginal Cost and also its functions?
What takes place to equilibrium of a commodity when there is a decrease in its demand and increase in its supply? Answer: The equilibrium price will reduce.
Bank rate: This is the rate of interest at which central bank provides loan and advance to commercial banks.
The influence of high street chains selling very limited editions of designer clothes at much below equilibrium prices.
Medium of Exchange function of money: Money as a medium of exchange signifies money as a means of the payment for exchange of services and goods. The Goods and services are exchanged for money whenever people sell things. Money is exchanged for goods
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