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Natural Factors:Seasonal variations may affect the demand for a commodity at certain times of the year. For example, during the raining season, demand for commodities such as jackets, raincoats and umbrellas will increase while during the dry season, demand for commodities such as fans and air conditioners will rise.Availability of creditWhen consumers are given credit facilities in the form of credit purchases, hire purchases and the use of credit cards and cheques, they are encouraged to buy more goods. Granting credit facilities, therefore, increased demand for goods covered by these facilities, all things being equal.
In his 2009 budget proposal for the U.S., President Obama wrote, "Unfortunately, we are also inheriting the worst economic crisis since the Great Depression which will force us to
reasons for and against free trade with foreign sector
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use of supply and demand diagrams, how the following markets are affected in terms of
Ask questMicroeconomics Reference No.:- #Minimum 100 words accepted#
(a) What are the problems associated with R 2 and how can adjusted R 2 solve them? (b) If the regressors in an equation are highly correlated, which measures can be used to
consumer choice involving risk
explane a kinky demand curve model
economic problems are faced by all types of economies but they are dealt with differently in different types of economies.discuss
#question.hif indirect utility function is givenhow to derive the demand function .
explain marris model of the managerial enterprise
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