What factors find out the price elasticity of demand, Macroeconomics

Assignment Help:

What factors find out the price elasticity of demand?

Factors which determine the price elasticity of demand are:

a. Whether close substitutes are accessible

b. Whether the Good Is a essential or a Luxury

c. Time and space


Related Discussions:- What factors find out the price elasticity of demand

Natural punishment for the failure, Malthus surmised that "poverty and mise...

Malthus surmised that "poverty and misery are the natural punishment for the failure by the ‘lower classes' to restrain their reproduction." The policy implication of this viewpoin

Long-run framework, In the long-run framework, deficits reduce: A. investme...

In the long-run framework, deficits reduce: A. investment. B. taxes. C. government consumption. D. subsidies.

Classical labour market, using a graph of the classical labour market illu...

using a graph of the classical labour market illustrste the effects of real wage existing in the market lower than the equilibrium real wage

Illustrate budget constraint and optimal bundle, Danny is an investment ban...

Danny is an investment banker and has income I = 300. When prices are px = 10 and py = 20, Danny consumes the bundle (x; y) = (6; 12). 1. Illustrate Danny's budget constraint

Project of introducing a new product in africa, How to prepare a a project...

How to prepare a a project on a new product in africa.

Estimate the probability density function, It is assumed that the hazaed ra...

It is assumed that the hazaed rate for a pressure valve is given by h(t)= 1/5+t. 1. What is the cumulative probability function of failure F(t)? 11. What is probability densi

Characteristics of endogenous growth theory, Q. Characteristics of endogeno...

Q. Characteristics of endogenous growth theory? There are many different explanations for technological progress. Most of them, though, have many common characteristics:

Principal causes of high population growth, List and briefly describe the p...

List and briefly describe the principal causes of high population growth in developing countries and the major consequences.

Trade cycle, discus the various measures that may be taken by a firm to cou...

discus the various measures that may be taken by a firm to counteract the evil effect of a trade cycle

Solow model in large open economies, In a large open economy, if the econom...

In a large open economy, if the economy has a fiscal expansion, what would happen in the solow model?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd