decompose total effect of price increase for an inferior good and giffen into substitution and income effect, in each case derive both the ordinary and compensated demand curve
why is demand estimation and forecast important for managerial decision making
It is important because if a company doesn't understand their product's elasticity of demand, they are screwed!
it is the graphic representation of the changes in demand due to the availability of equal important substitude.
Determining demand elasticity helps managers know how to schedule their goods. When they know their product isn't in demand, they can purchase another product instead.
because it decompose thing
A biological oxygen demand is another term for a biochemical oxygen demand - the amount of oxygen needed by aerobic microorganisms to decompose all the organic matter in a sample of water - used as a measure of pollution.
It is the amount of oyygen used by the microorganisns to decompose the waste material
The soil is important for plants and animals because it helps to decompose.
The decomposers and scavengers are important in the ecosystem because they get rid of the dead bodies of animals that normally would take 5 years (plus or minus) to decompose.
fungi is important because it can help to decompose any animal or dead things.
Objects which decompose r, or any other letter of the alphabet, are not particularly important.
decompose total effect of price increase for an inferior good and giffen into substitution and income effect, in each case derive both the ordinary and compensated demand curve
why is demand estimation and forecast important for managerial decision making
to decompose dead creatures to make them into the soil.
their bodies decompose and enrich the soil so that plants can grow
Analysis of demand is a methodology under which we analyze the influences of the determinants of demand on demand itself. It is important because the demand determines the sustainability and expansion of business