Important role in demand, We know tastes and preferences

Important role in demand

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Reference no: EM138340

Q. 1) The Contracting and Organizations Research Institute at the University of Missouri maintain lots of interesting information about the evolution of the firm. What kind of issues economists are studying? (Answers may vary)

2) Do you think a supply/demand model is too simple to explain the real word? Briefly express your own ideas.

3) What is the relationship between technology and supply in general? Briefly explain.

4) We know tastes and preferences play an important role in demand. Do you think of any possible future "popular product"?

5) In what markets, expectations are very important? Can you think of an example?

Reference no: EM138340

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