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Yeah, if you don't need any of it or anything made from it.
For instance, hops is a commodity, but if you don't make, sell or drink beer you need no hops.
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∙ 12y ago
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Does the production possibilities curve slope downward?
Yes, production possibility curve slopes downwards to the right indicating that the economy has to forgo some quantity of one commodity to have more quantity of other commodity.
When can a commodity be completely inelastic?
Never. According to every economics textbook in existence, an "elastic" commodity is one where a one-percent price delta causes at least a one-percent demand delta. An "inelastic" commodity is one where a one-percent price delta causes less than a one-percent demand delta, and a "completely inelastic" commodity is one where demand doesn't change regardless of price changes. Here's reality: there is not one product in this world that you can increase the price of and not cause demand to fall.
How can one purchase a commodity online?
One can purchase a commodity online using many different websites. Some examples of websites that allow one to purchase a commodity include Commodity Online and Kotak Commodities.
What is an example of a sentence using the word forgo?
"I intend to forgo breakfast tomorrow morning."She wanted to forgo the desert and leave while they could.
What is californias number one produced commodity?
California's number one legal commodity is dairy products--milk, butter and cheese. California's number one commodity is marijuana, but you're not supposed to be growing that.
Where might one find a Commodity Trading School?
One might find a Commodity Trading School online or at a program in college. There are many places where one can find a commodity trading school in the United States.
When was Diana Forgo born?
Diana Forgo was born on March 21, 1972, in Szeged, Hungary.
What is the opposite commodity?
The opposite of commodity could be a branded good or product. The opposite (alternative) of a physical commodity could be an intangible one such as a financial derivative.
What is the opposite of commodity?
The opposite of commodity could be a branded good or product. The opposite (alternative) of a physical commodity could be an intangible one such as a financial derivative.
Where can one learn more on commodity brokerage?
One can learn more on commodity brokerage from Black Rock Commodities Investor Pack. A commodity brokerage can be a business or individual who can charge commission from clients for carrying out orders to sell or buy commodity contracts on their behalf.
Why did Rajon Rondo stop wearing a headband?
They said you have to wear the NBA logo right side up only, so he decided just to forgo wearing it completely.
What is short run under the Keynesian macroeconomics?
the demand for commodity x cab be described as completely price inelastic if :
