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How the elasticity of supply and demand will allocate the tax burden between consumer and producers?
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What are the differences between producers and consumers?
The difference between a producer and a consumer is that a producer makes his own food and consumer purchases his own food.
Distinguish between price and income elasticity of demand?
distinguish between price elasticity of demand and income elasticity of demand
Consumer surplus and producers surplus?
Consumer surplus - the difference between what a consumer is willing to pay and what they actually pay. Aggregate consumer surplus measures consumer welfare. Producer surplus - the difference between what a producer is willing to sell their product for and what they actually receive. Aggregate producer surplus measures producer welfare
Coefficient of elasticity how many types?
As many types as variables are used to calculate the elasticity. Elasticity is simply a relationship between rates of change of variables in equations.
Difference between arc and point elasticity?
1) Point elasticity is measured by the ratio of the lower segment of the curve below the given point to uppa segment the super part of the curve above the point. 2) Arc elasticity is measured by the use of mid point between the old & the new figures in the case of both prine and qualitiy demonded.
What are the differences between producers and consumers?
The difference between a producer and a consumer is that a producer makes his own food and consumer purchases his own food.
What is the difference between producer and consumer demand?
Producers make their on food and consumers eats
What is the relationship between the producer and consumer?
pie
What is the difference between income elasticity demand and price elasticity demand?
price elasticity is the degree to which demand for a good will change relative to a change in the price of that good. Income elasticity is the degree to which demand for a good will change relative to a change in the spending power of the consumer. it is the percentage change in quantity demanded/percentage change in price.
Do the more levels that exist between a producer and a given consumer the larger the percentage of the original energy from producers is available to that consumer?
no.. thats false.. its actually the opposite
How much energy is transfered between consumers and producers?
Only about 10% of the energy from the producer is passed on to the consumer.
Distinguish between price and income elasticity of demand?
distinguish between price elasticity of demand and income elasticity of demand
What Similarities consumer production theory?
Consumers require the products of producers (e.g. oxygen, carbohydrates) and contribute the chemical elements of carbon dioxide and water, which are required for photosynthesis by producers.
Consumer surplus and producers surplus?
Consumer surplus - the difference between what a consumer is willing to pay and what they actually pay. Aggregate consumer surplus measures consumer welfare. Producer surplus - the difference between what a producer is willing to sell their product for and what they actually receive. Aggregate producer surplus measures producer welfare
What assumption does consumer protection make about consumers?
Consumer protection assumes that consumers don't have full information from manufacturers and service providers about the products they are using and purchasing. Consumer protection handles the lack of transparency between producers and consumers.
Is a lizard a consumer or a produer?
Consumer. Trees are a producer, detritovores are a decomposer (worms) and everything between are consumers.
Explain the differences between a producer consumer decomposer?
Producers are eaten (consumed) by consumers, when either of them die , they are consumed by decomposers.
