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What else can I help you with?
Quota rent refers to?
Its the difference between the demand price and the supply price at the quota limit .
Why is pottery sold at a low price?
Because of less use and demand the pottery is sold at low price
What describes one of the ways that the demographic of an area affect the price of housing in that area?
An area with younger people will have a higher demand for rentals and a lower demand for buying.
Is this normative or positve.A decrease in the price of digital cameras will decrease the demand for camera film?
The answer is positive statement:A positive statement is a statement about what isand that contains no indication of approval or disapproval. A normative statement expresses a judgment about whether a situation is desirable or undesirable.A decrease in the price of digital cameras will decrease the demand for camera film?This statement is simply a statement about what isand cannot be construed to be a judgment and so cannot be a normative statement.
What is the price of a Alsta 17 jewels watch?
The price of an Alsta 17 jewels watch can vary significantly based on the model, condition, and market demand. Generally, you can expect prices to range from around $100 to several hundred dollars for vintage models. For exact pricing, it's best to check online marketplaces or specialty watch retailers.
Distinguish between price and income elasticity of demand?
distinguish between price elasticity of demand and income elasticity of demand
What are the 3 types of elasticity?
1)price elasticity of demand 2)income elasticity of demand 3)cross elasticity of demand
What is cross price elasticity demand?
Cross price elasticity of demand measures the responsivenss of demand for a product to a change in the price of another good.
If the elasticity of demand is equal to one then the demand is?
Unitary elasticity is when the price elasticity of demand is exactly equal to one.
Cross elasticity of demand?
In economics , the cross elasticity of demand and cross price elasticity of demand measures the responsiveness of the quantity demand of a good to a change in the price of another good.
What is role of price elasticity of demand in business decision?
role of price elasticity of demand in managerial decisions
Distinguish between price elasticity and income elasticity?
The price elasticity refers to the change in demand due to the change in price. The income elasticity of demand on the other hand refers to the change in demand due to the change in income.
What is cross price elasticity?
Cross price elasticity of demand measures the responsivenss of demand for a product to a change in the price of another good.
What is a true statementregarding the price elasticity of demand?
Price elasticity of demand is positively correlated with the existence of substitute goods.
Conclusion of price elasticity of demand?
The conclusion of the price of elasticity of demand is the effect of price change based on the revenue it receives. It is based off the demand of the product and the price of the product.
Is price elasticity constant along demand curves?
explain why the price elasticity of demand varies along a demand curve, even if the demand curve is linear.
How to calculate the price elasticity of demand for a product?
To calculate the price elasticity of demand for a product, you can use the formula: Price Elasticity of Demand ( Change in Quantity Demanded) / ( Change in Price) This formula helps you determine how sensitive consumers are to changes in price. A higher price elasticity of demand indicates that consumers are more responsive to price changes, while a lower elasticity suggests that consumers are less sensitive to price fluctuations.
