What is substitutes
Substitutes: The two goods for which a rise in the price of one good leads to a rise in the demand for another.
Assume that the launch of Microsoft Xbox 360 moved the demand curve for Sony PlayStation 2 games from D0 to D1 throughout similar period if new game designers enter into this market and hence supplies of PlayStation 2 games shifted S0 to S1. The market equilibrium: (1
Relevance of matter: Relevance of matter is very much important while choosing any goals. Are the goals relevant to the vision of the company? A goal of having maximum number of customers seems fantabulous, however at the same time bank needs to make
How will you treat the given in estimating rational income of India? Provide reasons for your answer. (i) The value of bonus shares received by the shareholders of a company.(ii) Interest received on loan pro
How would your policy proposals influence the market for parking?
is studying economic worth your time and effort
State the Law of supply and explain the factors that affecting supply of commodity
What are the conditions through which the supply curve will shift?
Define Break Even point? Elucidate with the help of saving function. Answer: Breakeven point is a point where consumption equals to income and saving is equivalent t
"The economic cost of unemployment is measured by the GDP gap." Explain this statement. ?
What do you understand by the term Price (P) at Market in Economy?
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