You are welcome to ask any questions on Economics. Though you might also like to try google custom search (top right) to see if the topic has been covered before.
I am looking to explain economic principles / ideas/ recent developments in economics. I can’t promise to answer, but will try if it meets the criteria below.
- Please don’t ask me to do your coursework / assignment e.t.c. (I can usually tell if it is a homework question!)
- Please don’t ask any maths calculations.
- The question and answer will be published here so that everyone can see it (including your teacher!)
- I aim to try and simplify economics; as a rough guide, I would aim at an understanding similar to a good British A Level student.
- I am looking to explain economic principles/ideas/ recent developments in economics.
- I will answer as a new post, if you leave email address, I’ll usually send quick email. Check home page of blog for new post. With question and answers
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Under Normal Good,what happens to the price of the commodity if there’s an increase in income and quantity demanded?
With a rise in income, demand for the normal good will rise. There exists a positive relationship between income and quantity demanded for the normal good. Income elasticity of demand [YED] is positive for normal goods. YED > 0. With a rise in income, the demand curve for the normal good will shift to the right, price of the normal good will rise and quantity demanded for the normal good will also rise. [draw a diagram to better understand it]
Why scarcity, opportunity cost and trade off are import to economicc?
Identify some of the problems of the country that have something to do with economics?
What to produce
How to produce
For whom to produce
Efficient of resources used
aloha ! please excuse me, i am old and not at all good on the computer.
i have a question . i must admit that i have heard “experts” claim yea and ney
on this . is the trillions of dollars that the u.s. federal reserve is pumping into
the economy inflationary or not? i took economics in college 52 years ago and
my prof would have certainly called this inflationary. thank you for your time
and help. steve crosson
Define economics according proffesor c. Robbins
What is the relevant factors that may influence the demand of smartphone in Malaysia?
What are the long-term pitfalls of low/zero interest rates?
How does a monopolist by 2nd degree price discrimination capture a part of the consumer surplus ?
Please help with an example if possible.
Is printing of currency to finance deficit budget bad?
What are the characteristics of merit goods ?
Hi, I read something about effects of monetary policy on banks. Is it right that an increase in the money supply pushes the bank closer to its minimum capital requirements and hence changes the leverage?
I do not understand why this happens.
Thank you
Hendrik
c) The lockdown has caused shutdown of many local fast food outlets. Assuming that the market for fast food is competitive, there will be increase in demand for fast food leading to higher prices. Identify error
what does it mean economically when the price of imported goods keep falling and price of locally produced good keep rising?
The number of owners of mobile phones has grown rapidly and hence the demand for mobile phones has also grown rapidly. Yet the price of mobile phones has fallen. What impact does the price elasticity of demand has in the above case?
Hi!
Are benign and malign deflation types of deflation?