Illustrates the factors changes in demand
Illustrates the factors changes in demand?
Expert
Demand of a commodity may change. This may decrease or rise because of changes in exact factors. These factors are termed as determinants of demand. Such factors include;
1) Nature of a commodity 2) Price of commodity 3) Wealth and Income of consumer 4) Preferences and Taste of consumer 5) Price of associated goods (compliment and substitutes goods) 6) Expectations of consumers. And7) Advertisement and so on.
what is exceptional demand curve and its explanation?
Concavity (or bowed-out shapes) in production possibilities frontiers is described least fine by: (i) The law of diminishing returns. (ii) Resources being unevenly suited for various forms of production. (iii) Rising opportunity costs. (iv) Non-neutra
Illustrates the relatively elastic demand?
Hello, Would you please find a small case study in managerial economics. please I don't want the typical solution because the prof have it. thanks
Provide a brief introduction of the term Marginal Costing? And also write down the essential suppositions made by Marginal Costing?
Increasing the wage rate increases total wages received through workers when the demand for labor is: (w) relatively elastic. (x) relatively inelastic. (y) unitarily elastic. (z) perfectly elastic.
answer written below is correct for the question detail exception of demand curve ?
A market is improbable to be contestable when entry needs new firms to incur very high: (w) variable costs. (x) fixed costs. (y) principal-agent problems. (z) marginal costs. I need a good answer on the topic of Economics <
Economic rent shows part of the payment for the utilization of: (w) landowners’ labor and capital to keep their land. (x) landowners’ buildings and equipment. (y) resources for that supplies are less than perfectly elastic. (z) any piece o
Increasing the wage from $9 to $15 will cause Plastibristle’s total hourly wage payments to: (w) rise by about $900. (x) rise by about $1500. (y) fall by about $900. (z) fall by about $1500. <
18,76,764
1956828 Asked
3,689
Active Tutors
1451897
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!