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define production,distribution and consumption in economics
Hello I want to thank you for helping us
Hello, I would like to ask regarding this statement:
Disadvantages of Price Discrimination:
… 3. Those who pay higher prices may not be the poorest. E.g. adults could be unemployed, OAPs well off.
(link to the article: https://www.economicshelp.org/microessays/pd/price-discrimination/)
It seems to me that it is implying that the poorest should be paying the higher price since they (the poorest) not paying the higher price would be a disadvantage. I may have misunderstood the statement and it would be nice if you could enlighten me with my dilemma.
How do we calculate price elasticity of demand and supply?
price elasticity of demand=%change in quantity demanded/%change in price of commodity
PED = %change in quantity demanded/ % change in price
PES= %change in supply supplied / %change in price
how can one solve the consumption expenditure that has the autonomous income,gross income and the mpc marginal propensity to consume.
current acccount surplus in india is good or bad
for economy
How does the elasticity of demand influence the incidence of a tax, the
tax revenue, and the deadweight loss?
it depends with he elasticity you are dealing with because if its perfectly inelastic meaning that the quantity demanded has not changed due to price increase change it then means that the sellers are now getting more money per se at $4 dollars people are willing to buy 100 cones of ice cream and at $5 they are still willing to buy 100 the company is bound to be taxed more because they are now making more profit
what leads to the regessive supply curve of labour
does price discrimination also exist in developed countries?
What was the real GDP Growth in annual % terms in the UK from 2010 to 2016?
“For example:
If the price of meat increases, then the higher price may encourage consumers to switch to alternative food sources, such as buying vegetables.
However, with the higher price of meat, it means that after buying some meat, they will have lower spare income. Therefore, consumers will buy less meat because of this income effect.”
Should that say “Therefore, consumers will buy less VEGETABLES because of this income effect”?
The income effect looks at how change in disposable income affects demand for that particular good, so it is correct.
Though it is also true, that consumers may also demand fewer vegetables too.
What effects do a trading bloc have on global inflation rates?
what is the impact on inflation of cutting personal income tax?
Why does depreciation cause depreciation cause a discrepancy between GNP and national income?
why is scarcity a problem that every country faces?
why is scarcity a problem that every country faces