Why is the demand for a mercedes more elastic than

Assignment Help Macroeconomics
Reference no: EM13325302

Why is the demand for a Mercedes more elastic than the demand for all autos? Be sure to list at LEAST two reasons for this and explain them.

Reference no: EM13325302

Questions Cloud

Compute the east divisions roi for last year : Compute the East Division's ROI for last year; also compute the ROI as it would appear if the new product line is added. (Round your intermediate calculations and final answers to 2 decimal places.
Explain how the use of such barriers creates higher : Trade barriers (quotas and tariffs) are often used to protect domestic workers. Explain how the use of such barriers creates higher unemployment rather than protecting it.
Calculate the magnitude of the net force : A water molecule, which is electrically neutral but has a dipole moment of magnitude p = 6.20·10-30 C m, Calculate the magnitude of the net force
Why study economics : Why study economics? This goes back to the very definition of the field. It can actually be summed up in ONE word. Once you’ve found the word, explain it, however. Use terms like resources and carefully define them.
Why is the demand for a mercedes more elastic than : Why is the demand for a Mercedes more elastic than the demand for all autos? Be sure to list at LEAST two reasons for this and explain them.
Write a program that allows auser to enter a car price : Write a program that allows auser to enter a car price. The output is the salesperson's commission. Save the programas Commission.cs.
Calculate the mass of the ice cube : A cube of ice is taken from the freezer at -7.2 ?C and placed in a 115g aluminum calorimeter filled with 318g of water at room temperature of 20.0 ? C. What was the mass of the ice cube
Explain the relationship between the mc curve and the avc : Explain the relationship between the MC curve and the AVC and ATC curves.
Write a c# program containing array that holds five integers : Write a C# program containing an array that holds five integers. Assign values to the integers.Display the integers from first to last, and then display them from last to first. Save theprogram as IntegerList.cs.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Ilulustrate what incentives are needed for business

Ilulustrate what incentives are needed for business to adopt new technology.

  What form of order might be place with the broker

The company articles of incorporation and state laws place no restriction on the sale of stock to outsiders. An unexpected opportunity to expand arises that will require an additional investment of 14 million.

  Determine the unemployment rate

Analysis the most recent issue of International Economic Trends, published through the Federal Reserve Bank of St. Louis. You will notice percent (%) changes in economic data for 7-countries and Euro Area.

  Elucidate what is the cross elasticity of demand

Elucidate what is the cross elasticity of demand for pipes and pipe tobacco.

  Compute and contrast the options that the local governments

Compute and contrast the options that the local governments will need to discuss given the lack of resources that are currently available.

  Give difference in household saving rates btwn two countries

Two countries alike in all other respects differ markedly in their provision of social insurance. One country provides old-age retirement pensions, unemployment insurance, and catastrophic illness insurance

  Suppose the following output and labor hours

Suppose the following output and labor hours for Russia and Germany in producing Wheat and Cloths.

  Factors which affecting level of productivity of labour

Consider the following situations. Evaluate how they would affect the level of productivity of labour.

  What disagreements did keynes have with classical economists

What did classical economists assume about the flexibility of prices, wages, and interest rates What did this assumption imply about the self-correcting tendencies in an economy in recession

  What type of market structure would farmers like to convert

The story states that good weather has resulted in an unexpectedly large crop, which we know will increase supply and reduce the market price for their coffee beans. If all of the farmers know that picking this large crop will guarantee them lowe..

  How does a debt-financed tax cut affect public saving

1. Why do so many economists project increasing budget deficits and government debt over the next several decades 2. According to the Ricardian view of government debt,

  What is the effect on equilibrium real gdp on saving

Suppose that Congress enacts a lump-sum tax cut of $750 billion. The marginal propensity to consume is equal to .075. Assuming that Ricardian equivalence holds true, what is the effect on equilibrium real GDP On saving

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