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The Effects of Advertising on the Demand Curve:
Advertising targets to:
• Change the slope of the demand curve which means make it more inelastic. This is done by generating the brand loyalty;
• Shift the demand curve to the right by tempting the people’s requirement for that particular product.
If the response of income elasticity of demand is positive, the commodity is normal and if sign is negative, the commodity is inferior.
Reasons for development planning: To maximize the utilization of economic resources: The resources of any nation are not always enough for her use. In this wise, resources mus
Estimating the Educational Structure of the Labour Force in the Economy for the Target Year The educational levels of persons within each occupational structure for the base y
Suppose that there are n bidders whose valuations vis are drawn independently and identically from the distribution F over [0, ?]. Describe and derive the symmetric , monotonic equ
give a detailed discussion on the term economics of scale as applied to economics, highting examples,limitation,and original of economics of scale.
I need help with a question that has been posted on here already.
Marginal revenue: Marginal revenue is the change in total revenue with respect to a change in quantity sold. That is, it is the change in total revenue that results from the s
FIXED EXCHANGE RATE SYSTEM: National currencies are generally acceptable within the geographical boundaries of a country. As such, trade between countries typically involves
Fixed costs are those which are independent of output that is they do not change with changes in output. These costs are a fixed amount which must be incurred by a firm in the shor
Assume that a persion lives for three equal periods: Youth, Early Adulthood and Late Adulthood. The person dies after later adulthood period ends. If one invests $200 in educatio
Calculate the cross-price elasticity of demand between computers and printers, where a 10 percent decrease in the price of computers results in a 15 percent increase in the quantit
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