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The Effects of Advertising on the Demand Curve:
Advertising targets to:
• Change the slope of the demand curve which means make it more inelastic. This is done by generating the brand loyalty;
• Shift the demand curve to the right by tempting the people’s requirement for that particular product.
If the response of income elasticity of demand is positive, the commodity is normal and if sign is negative, the commodity is inferior.
explain the properties of indifference curve with the help of diagrams?
Nonmetals tend to gain electrons. A-Metals tend to lose electrons. B-Atoms have the natural tendency to C-fill their outermost shells. All of the above. D-
how a firm will choose its optimal inputs, isocosts and isoquants explanation
What is the difference between MRTS & MRS?
Hotel rooms go for $100/room and sell 1000/day; if taxed at $10/room and rate goes to $108 and 900 rooms are sold, what''s the tax revenue and dead weight loss?
The concept of opportunity cost occupies a very important place in modern economic analysis. The opportunity cost of any good is the next best alternative goods that are sacrificed
First Degree Price Discrimination - The monopolist sells different units of the commodity at different prices which differ from person to person. Second Degree Price Discriminat
What is meant by the multifaceted nature of the U.S. health care system? How is health care financed in the U.S.? What is the advantage and disadvantage of the U.S. multi-payer sys
#• The price of a laptop increases by 20% and there is a 40% drop in the quantity demanded. • The price of a pack of cigarettes increases by 10% and there is a 5% drop in the quan
how the increase in price will affect consumer''s ability to maximise satisfaction?
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