demand forecasting
consumer's interview method for demand forecasting(point to point explain)
Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below: Q : Difference between normal and inferior Difference between normal goods and inferior goods. Give illustration.
Difference between normal goods and inferior goods. Give illustration.
An employer that exaggerates the safety of a position or the prospects for advancement to job applicants makes inefficiencies as well as arguable inequities due to: (1) signaling. (2) credentialism. (3) screening. (4) adverse selection. (5) a moral hazard.
Illustrate the 3rd the government redistributes income?
From the heterodox approach, what options does the enterprise need to produce more output? What effect do these options put on its cost structure?
Explain this statement: “If resources were unlimited and freely available, there would be no subject called economics.”
Illustrates the inverse relationship between price and quantity?
Illustrate the Law of supply?
What are the determinants of demand?
Explain the statement: “Good economic policy requires good economic theory.”?
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