Factors influencing supply curve - prices of related goods, Managerial Economics

Prices of other related goods

i)           Substitutes:  If X and Y are substitutes, then if the price X increases, the quantity demanded of X falls.  This will lead to increased demand for Y, and this way eventually lead to increased supply of Y.

ii)         Complements:  If two commodities, say A and B are used jointly, then an increase in the price of A shall lead to a fall in the demand for A, which will cause the demand for B to fall too.

Posted Date: 11/27/2012 5:59:38 AM | Location : United States

Related Discussions:- Factors influencing supply curve - prices of related goods, Assignment Help, Ask Question on Factors influencing supply curve - prices of related goods, Get Answer, Expert's Help, Factors influencing supply curve - prices of related goods Discussions

Write discussion on Factors influencing supply curve - prices of related goods
Your posts are moderated
Related Questions
Define concept of Managerial decision-making Managerial decision-making draws on economic concepts as well as techniques and tools of analysis provided by decision sciences. T

DIFFERENTIALS AND DISEQUILIBRIUM In a free enterprise system, workers aim at maximizing their wages.  Hence, it would be expected that workers would move form low-paying indus

Mark works for Maple Feel Inc., which exports maple syrup to Slovakia. Currently, he generates $60,000 a year of net revenues for the firm and his salary is $60,000 per year. Mark

Find price for demand of 105000 exhaust fans, function is 462-5/7q for demand and p-6/7q for supply. find supply at 312, equilibrium qt and price

Assume that input prices are constant at r = 1, w = 1, with technology which consists of 5 processes having the following properties: Process Inputs Capital (machine hours)

Determine the Giffen goods - law of demand An exception to this law is the distinctive case of Giffen goods named after Sir Robert Giffen (1837-1910). 'Giffen goods' doesn't re

REGRESSIVE TAX A tax is said to be regressive when its burden falls more heavily on the poor than on  the rich.  No civilized government imposes a tax like this.

“Managerial economics involves use of economic analysis to make business decisions involving the best use of a firm’s scarce resources” Explain the statement with suitable example.

Q. Explain about Time series analysis? An analysis of relationship between variables over a period of time. Time-series analysis is helpful in assessing how an economic or othe

What is the difference between a movement along a demand or supply curve and a shift of one of these curves? Why is it important to distinguish between the two? What mistake migh