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Explain the factors which would affect the price of a good.
As there is a very long list of determinants, the basic issue is for the student to describe and illustrate how shifts in demand and/or supply will influence the market price. It is significant that rote-memorised factors are not simply tossed in, but founded on examples. For instance, the price of other goods will affect the price of a good - A fall in the price of DVD rentals might decreasedemand for purchasing DVDs, which could ultimately lower the price of purchasing DVDs.
On Valentine's Day, the price of roses increases by more than the price of greeting cards. Why? (Hint: Consider what makes roses and cards different and how that difference might
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about the price determination with the held of diagramatic explanation numerical explanation related to the concept
observations and result
Ben prefers the mixed consumption basket x+y to either 2x alone or 2y alone. But as between the latter baskets, he would rather have the 2x. Do the fact stated indicates the axiom
#question.what is meant by ppc?illustrate the central problems of aneconomy with this curve.
a monopolist faces a demand curve Qd- 120-2p and has costs given by C(Q)=20Q+100 (marginal cost is constant at $20) a. What is the optimal Price and Quantity for this monopolist?
Australians are turning to scooters to combat escalating petrol prices. After a slump in the March quarter this year, demand for scooters was up by more than 7 per cent in the firs
Explain crowding out and why it may be considered important for policy makers. Crowding out refers to how enhanced government borrowing (real borrowing!) might serve to raise i
Write the formulas to show the reactants and products for the following reactions. Assume that solutions are aqueous unless otherwise indicated. Represent substances in solutions a
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