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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.
What currency was used in the 1700s? Ans) this is depends on the country. Most currencies, though, were based on gold and silver. In America, in the 13 colonies, tobacco wa
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any village panchayat in west bengal and get information for doing a project.
The elasticity coefficient is a number measured using price and quantity data to verify how responsive consumers are to changes in the price of a commodity. The elasticity coeffic
Explain in detail the concept of PPC with suitable eg.
Assume the United States exports 1000 computers at a price of $3000 each and imports 15 UK autos at a price of 10000 pounds each. Assume that the dollar/pound exchange rate is $2 p
STRATEGIES AND POLICIES FOR ADMINISTRATIVE REFORMS: As stated in a United Nation's Publication, following strategies and policies are necessary to bring about administrative i
Suppose taht two people, Michell andJames each live alone in an isolated region. They each have the same resources available, and they grow potatoes and raise chickens. If Michelle
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