Determinant of the price elasticity of demand

Assignment Help Business Economics
Reference no: EM131172842

Which of the following is not a determinant of the price elasticity of demand?

a. The number of substitute goods available.

b. The share of a consumer's budget.

c. The amount of income the consumer has.

d. The time frame-whether it is in the short run or long run.

Reference no: EM131172842

Questions Cloud

Edict of toleration both for huguenots and catholics : The French Wars of Religion (1562-1598) were entirely a French affair, without ties to conflicts elsewhere. ended on Saint Bartholomew's Day with a Huguenot massacre. ended when the Huguenots won decisively on the battlefield. ended with an edict of ..
Advertising on a company facebook site : If you were responsible for coordinating the advertising on a company's Facebook site, how would you balance the desire to become increasingly profitable with the need to protect the privacy of your users?
Find the required diameter of the balloon : determine the required diameter of the balloon if it is approximated to be a sphere. Also explain why the load is to be carried below the balloon. Note the specific weigh t of air at various temperatures is available in the Appendix E.
What are the most common numbers for ip acls : What is an access control list? What's the most common type of ACL? What are the most common numbers for IP ACLs? How can you filter traffic using ACLs? What's the order of operations in an ACL?
Determinant of the price elasticity of demand : Which of the following is not a determinant of the price elasticity of demand?
Is managers job is analyzable : Does teaching management from a textbook assume that the manager's job is analyzable, and hence that formal training rather than experience is most important?
Determine the required force to keep it in position : Will it sink naturally or need to be weighted to stay at the bottom? Determine the required force to keep it in position if it is molded with 125 cm3 of polyethylene.
What steps need to be taken to implement your solution : What steps need to be taken to implement your solution? What materials/equipment will be needed to accomplish each step? What people need to be involved in planning the implementation of the solution?
How much time do you think you should allow for study : Develop a simple study schedule that you can follow to prepare for your exam. How much time do you think you should allow for study before taking the exam? What criteria should you use when asking people to join your study group?

Reviews

Write a Review

Business Economics Questions & Answers

  What is relative price of clothing in integrated economy

This problem asks you to evaluate the e?ects of trade versus integration in a HOS model. There are two goods, food and clothing. Food and Clothing are made using capital and labor. What is the relative price of clothing in the integrated economy? How..

  Through product refinement and a product extension

What is price in business? New products can come through product refinement and a product extension. Explain each.(What is product refinement and a product extension)

  Find walmarts total labor cost and marginal cost

Assume that Wal-mart is the only employer of retail workers in a small town in Indiana. As a local non-discriminating monopsonist, Wal-mart faces a labor supply curve given by: Find Wal-Mart’s Total Labor Cost and Marginal Cost.

  The current market interest rate

Yasmine’s income this period is $500 and she is certain that her income next period is $300. The current market interest rate is 10 percent. She plans to spend exactly her current income this period and her future income next period, with no borrowin..

  About marginal and average tax rates is correct

Which of the following statements about marginal and average tax rates is correct?

  Actual investment curves in the solow model

How does an increase in the saving rate affect the break even and actual investment curves in the Solow model? Use graphs also.

  Savings account that earns simple interest per year

You deposit $3,000 in a savings account that earns 8% simple interest per year. How many years will it take to double your balance? If, instead, you deposit the $3,000 in another savings account that earns 7% interest compounded yearly, how many year..

  Easy to assign and transactions costs are particular low

if property rights are easy to assign and transactions costs are particular low, then

  Calculate the cournot equilibrium outputs

Jack and Mike harvest timber and sell it to local sawmills. Harvesting timber requires a special government permit. Jack and Mike have the only two permits and are therefore the only two producers of timber in this market. Harvested timber is a homog..

  Competition over time presents number of problems for firm

The issue of competition over time presents a number of problems for a firm. Based on your reading, additional research for this question, and personal experience, what do you believe is the most effective way a firm can compete over time?

  How to compute implicit explcit and opportunity costs.

how to compute implicit explcit and opportunity costs. jamal has a flexible job. he can work everyday but is allowed to take a day off anytime he wants.

  Create economic value by offering financial services

What capabilities and competencies does the USPS have that would enable it to create economic value by offering financial services? Would creating economic value this way “fit” with the USPS’s overall purpose, culture, and history? Why or why not? Ex..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd