Factor affecting how elastic a demand

Assignment Help Business Economics
Reference no: EM13742735

Which of the following is NOT the factor affecting how elastic a demand is?

Time of adjustment

Availability of close substitutes

Share in budget

 

Price of the good

Reference no: EM13742735

Questions Cloud

What might have caused those advertisers expenditures : Look at those whose advertising went down by double digits from the prior year. Speculate about what might have caused those advertisers' expenditures to decline.
Negative in economic theory : Which of the following will never be negative in economic theory?
When the accounting profit equals the implicit costs : When the accounting profit equals the implicit costs, the firm earns
Based on the shareholders wealth-maximization model : Which of the following are likely to increase the value of the firm, based on the shareholders wealth-maximization model?
Factor affecting how elastic a demand : Which of the following is NOT the factor affecting how elastic a demand is?
Explicit cost total economic cost implicit cost shareholder : Economic profit is defined as the difference between total revenue and ________________. Explicit cost total economic cost implicit cost shareholder wealth
Label income and substitution effects for both goods : Good 1 is a normal good and good 2 is an inferior good. Using 3 budget lines and 2 indifference curves, illustrate the effect of an increase in P2 on the consumption of both x1 and x2. Label income and substitution effects for both goods
Horizontal merger guidelines : How to define the relevant market to conduct the merger analysis? Explain briefly what is the Hypothetical Monopolist Test. You should discuss what the market definition is and how to include market participants of a relevant market. Explain what are..
Consume more of a good when price is low is depicted : The economic principle that consumers are willing to consume more of a good when price is low is depicted by the:

Reviews

Write a Review

Business Economics Questions & Answers

  Business organization provides for limited liability

The text defines an economic system as, Dynamic efficiency measures, Which of the following legal forms of business organization provides for limited liability? Privatization in transition economies is often justified on the grounds of increasing

  Domestic produces often base their claim for import

Domestic produces often base their claim for import protection on the fact that workers in country X are paid substandard t wages.

  Purchase of an old office building

Your firm is considering the purchase of an old office building with an estimated remaining service life of 25 years.

  Qsmith and jones are stranded on a desert island each has

q.smith and jones are stranded on a desert island. each has in his possession some slices of ham h and cheese c. smith

  Sales at the bakery

Jim Bradley is the director of the Bradley bakery. He has collected data on his store for the past year.

  A merger between two firms is legal

Roughly speaking, a merger between two firms is legal:

  Explain how is the federal budget deficit affecting the us

Explain how is the federal budget deficit affecting the U.S. economy. Essay should be about 400 words. How dependent is American, on the Chinese economy.

  Explain why might industries with high fixed costs inclined

Explain why might Industries in industries with high fixed costs be inclined to prevent strikes or end strikes quickly.

  How discretionary fiscal policy can be countercyclical

Explain how "discretionary fiscal policy" can be "countercyclical" and can be used to support aggregate demand. Us an AD/AS model to support your answer.

  Tit-for-tat strategy

Illustrate the way in which market forces shape the organizational responses using a range of examples.

  What is the optimal quantity of labor demanded

A perfectly A Perfectly competitive firm has a MPL = 20-L. If P = $5 and w = $10/hr. What is the optimal quantity of labor demanded?

  Explain why do changes in bank reserves resulting

Explain why do changes in bank reserves resulting from open-market operations by the fed produce multiple changes in checkable deposits in the economy.

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