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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.
ACHIEVEMENTS OF BRETTON WOODS INSTITTUTIONS: Some of the important achievements of the BW Institutions can be summarised as follows: 1) International reserves have increa
How do you calculate marginal revenue, and monopolistic profit?
where does stage 1 end?
In year one, suppose the federal government has no national debt and spends $100 billion, while raising only $50 billion in taxes. The U.S. Treasury will issue $ billion of governm
1) Vitamin A Vitamin A has been chosen as the vitamin to be included in the supplement since it has a role in several functions some of which as follows: 1. Helps in proper vision.
when price falls
Q. Market Income and Socialism? Market Income: A household's total pre-tax income obtained from its activities in formal economy, including salaries andwages, investment income
. Suppose fixed costs increase by $20. How will this affect TFC, TVC, TC, ATC, AVC and MC? Which numbers change and which stay the same?
"Consider a market with n firms occupied in Bertrand competition. These firms have in common dissimilar marginal costs but any number of them may also have equivalent marginal cost
choose a topic from microeconomics that matters to you and find a recent news article covering that topic?
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