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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.
explain the theory of consumer behavior from the utility perspective
Managers: Top directors and managers of larger companies who are assigned the task of organizing disciplining workers, initiating production and accounting to shareholders for perf
compare traditional modern and engineering cost curves
Disposable Personal Income The amount of cash remaining after taxes are removed that an individual has the opportunity to spend.
Long run equilibrium - Perfect competition: In the long-run, on the other hand, the firm in perfect competition is making normal profit or zero economic profit as shown in Fig
The largest public utility company in New South Wales (NSW) is the sole provider of electricity across all regions in the state. The monthly demand for electricity in NSW is given
What are the income and cross elasticities of demand? Why might they be useful? Explain.
Lack of Integration in Policy Formulation and Policy Implementation: A common thread uniting these diverse diagnoses and prescriptions can be seen among most of the critical e
Q. Define about Mutual Fund? Mutual Fund: A financial vehicle that involves pooling investments in the shares of many different joint stock (or publicly traded) companies, in o
The recent flooding in the upper Midwest destroyed a important proportion of the corn crop. Though, it has been discovered that corn oil is far better in keeping cholesterol withi
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