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Is Economists often use production possibilities graphs to explore supply and demand true or false?
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Why might future production possibilities be different from current production possibilities?
the future production possibilities might be vary because of systematic risk prevailing in the industry (beta) and company's risk inhabited. the changing trend of sales also alter the future production possibilities. the decline in sale will harm the growth of the product/company. on the contrary increasing sales of a product will enhanced the growth rate in both short-run and long-run too. the most critical factor affecting the production possibilities is the change in the demand of of a product/brand. increasing demand will boost up the production opportunities. conversely fall in demand will have not too much good impact on the production.
What could cause a production possibilities frontier to shift to the right?
an increase in demand for the good. Such as a successful marketing campaign for the good.
Why is elasticity of demand a fine theoretical concept of economists but difficult for marketers to use in practice?
it is what elasticity of demand
What are The two words economists use most often are?
supply and demand
What do economists call a situation in which consumers buy a different quantity than they did before?
a change in demand
Why might future production possibilities be different from current production possibilities?
the future production possibilities might be vary because of systematic risk prevailing in the industry (beta) and company's risk inhabited. the changing trend of sales also alter the future production possibilities. the decline in sale will harm the growth of the product/company. on the contrary increasing sales of a product will enhanced the growth rate in both short-run and long-run too. the most critical factor affecting the production possibilities is the change in the demand of of a product/brand. increasing demand will boost up the production opportunities. conversely fall in demand will have not too much good impact on the production.
What could cause a production possibilities frontier to shift to the right?
an increase in demand for the good. Such as a successful marketing campaign for the good.
Why is elasticity of demand a fine theoretical concept of economists but difficult for marketers to use in practice?
it is what elasticity of demand
What are The two words economists use most often are?
supply and demand
What are the two words most often used by economists are?
supply and demand
The two words most often used by economists are?
Supply and demand.
What do economists call a situation in which consumers buy a different quantity than they did before?
a change in demand
Why do Economist use the term demand to refer to what?
Economists use the term demand to refer to a schedule of various combinations of market prices and amounts demanded.
Who said the demand and supply theory of books?
there were many economists like pigou,marshall and dada bhai naoroji who said about demand and supply theory.
What is the lowest elasticity of demand?
The lowest elasticity of demand is when no change in price, whether increase or decrease, changes the demand for a product.Ê It's used by economists to predict how sensitive a product is to a price change.
How do people demand goods and services?
When economists refer to the demand for goods and services, what they mean is, what goods and services are people buying. People demand things by buying them. If you demand to have things given to your for free, that is politics rather than economics.
What is the between derived demand and joint demand?
Derived demand occurs when there is a change of customers' demand on particular product and produces have to buy new production equipment, which means that the change in consumer demand for a product affects demand for all firms involved in the production of that product. Joint demand has nothing to do with changing the production equipments. In this case, demand of the product depends on demand of its compliment. For example, demand on inc depends on demand on printers.
