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Hi?
Help me understand the difference between demand and effective demand in simple terms
In regards to the Soviet Union and its policies, what were the roles of the Gosplan in the 5-year plans? Additionally, what other incentives would the system provide(other than the obvious ones of equality, Market distribution, and lower monopolization from corporate sectors)?
Two changes in the sectors
2. Suppose that the current market price of tablets is €300, that the average consumer income is €30,000, and that the price of notebooks (a substitute for tablet) is €500. Under these conditions, the demanded quantity of tablets is 5 million per year. For tablets, statistical studies have shown that the price elasticity of demand is -1.7, the income elasticity of demand is 1.3 and the cross- price elasticity of demand is 0.4. Use the point formula for calculations and predict the annual number of tablets sold under following conditions:
a) Technical improvements in notebooks cause their price to fall to €400 with income and price of tablets unchanged.
b) Income tax reductions raise average income to €31,500 with prices of tablets and notebooks unchanged.
c) All of these events described in part a) and part b) occurs simultaneously.
Hi there, is entrepreneur a fixed input or a variable input since it is one of the factors of production in the short run? And why?
why are agricultural producers so obsessed with maximisation of profits, always wanting the highest possible commodity price?
Justify the assertion that Nigerian economy is premised on one leg economy by identifying the shortcomings.
How relative prices of the two most important factors of production for the European economy changed after the Black Death and what caused this shift
Why is taking into consideration the external benefits seen as a problem? Or in other words, why would it lead to under-consumption of the good if the external-benefits are considered?
Thank you!
Is shift in demand is also known as change in demand? if not what is change in demand also known as?
In what ways do you think bonded labor can enhance welfare??
It is true that printing money can cause inflation but doesn’t this rely on the condition that supply/ output is unchanged? Could we not print money and simultaneously have government intervention to increase production, and therefore prevent inflation?
Hello sir / madam
I want to investe in this bank but I’m in Africa
What is the measure different between supply and demand
Before the comparative advantage theory was formulated, the belief was that nations shouldn’t trade with nations that don’t have an absolute advantage in the good they require. Hence absolute advantage theory acted as an objection to free trade. Are there any other objections to free trade which have been disproved by comparative advantage theory?