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In economics what is a positive statement?
A positive statement tells what is currently understood about the way the world operates. A positive statement may be right or wrong, but we can test it by checking it against the facts. Ex- "Our planet is warming because of the amount of coal that we're burning."Bade, Robin & Michael Parkin. Foundations of Macroeconomics, 3rd Ed., Pearson Addison Wesley, 2007, p15
Why does a demand curve slope downwards are there any exceptions?
A demand curve shows the relationship between the price of something and the amount people will buy. The higher the price goes, the less of it you're going to sell. The demand curve has so many exceptions it's basically worthless. It's just a business-school exercise item. Let me throw out an exception: chocolate. Let's say it's August and chocolate's $10 per kilogram, and we're selling all we can make. In September I decide to raise the price to $15 per kilogram. All of a sudden sales of chocolate go UP drastically. Using a demand curve in isolation, sales of chocolate should have gone down. They went up because it's time to start making chocolate Santas. ------------------------------------------------------------------------------------------------- SEPERATE POST The demand curve is not worthless. "The demand curve graphs the relationship between the quantity demanded of a good and it's price, holding constant all other influences on consumers' planned purchases"(Parkin 1.). The example given above is inaccurate as it would not take into account the seasonal demand factors. If these factored in when preparing the demand curve you would find that it true. See; 1. Michael Parkin (1993), 2nd Edition, "Microeconomics". (pgs 73-78)
What has the author Norman Parkin written?
Norman Parkin has written: 'The solution of nonlinear algebraic equations'
What has the author George R Parkin written?
George R. Parkin has written: 'Edward Thring - headmaster of Uppingham School'
What has the author Beverley Parkin written?
Beverley Parkin has written: 'The gift of flowers' -- subject(s): Flower arrangement 'Inspired by Flowers'
What has the author Arthur Parkin written?
Arthur Parkin has written: 'Goalscoring within eight yards of the goal - skills and techniques required'
What has the author Charles Parkin written?
Charles Parkin has written: 'The moral basis of Burke's political thought' -- subject(s): Political science
Has anybody answers to the book Microeconomics by Michael Parkin ninth edition?
what are the broad facts reported in the news article about the gap in the incomes of the rich and the poor in the Asian economies studied by the ADB
What has the author Alfred Parkin written?
Alfred Parkin has written: 'Caisson disease' -- subject(s): Physiological effect, Decompression sickness, Compressed air
What has the author Phyllis A Morse written?
Phyllis A. Morse has written: 'Parkin'
What has the author R A Parkin written?
R. A. Parkin has written: 'The window glass makers of St. Helens' -- subject(s): Glass manufacture, History, Pilkington PLC
What has the author Michael Parkin written?
Michael Parkin has written: 'Microeconomics' 'Inflation in the United Kingdom (Studies in Inflation, Vol 6)' 'Microeconomics with MyEconLab plus eBook 1-semester Student Access Kit' 'Microeconomics' -- subject(s): Microeconomics, Economic conditions, Textbooks 'Economics plus MyEconLab plus eBook 2-Semester Student Access Kit' 'Microeconimics' 'Microeconomics Homework Edition Plus MyEconLab Student Access Kit' 'Macroeconomics with MyEconLab plus eBook 1-semester Student Access Kit' 'Microeconomics MyEconLab Homework Edition plus eBook 1-Semester Student Access Kit' 'Macroeconomia - Edicion Especial Actualizada' 'The role of the Stock Exchange' 'Macroeconomics Homework Edition Plus MyEconLab Student Access Kit' 'Economics with Electronic Study Guide CD-ROM' 'The world monetary system in transition' -- subject(s): Inflation (Finance), International finance, Foreign exchange 'Incomes policy and inflation' 'Macroeconomics (Study Guide)' 'Economics/Economic Times' 'Microeconomics Updated Version with Microeconomics in Action 1.5' 'Microeconomia' -- subject(s): Business, Nonfiction, Text Book, OverDrive 'Microeconomics' -- subject(s): Accessible book, Microeconomics 'Microeconomics 3e/Microeconomics Study Guide Bundle' 'Microeconomics/Includes Economic Times (Microeconomics)' 'Inflation in the World Economy (Studies in Inflation, Vol 4)' 'Microeconomics with Electronic Study Guide CD-ROM' 'Macroeconomics' 'Macroeconomics' 'Parkin Economics/Economics in Action' 'Macroeconomics with MyEconLab Student Access Kit' 'Microeconomics- MYECONLAB STUDENT ACCESS KIT'
What has the author G R Parkin written?
G. R. Parkin has written: 'India today' -- subject(s): Politics and government, World War, 1939-1945, Nationality, Nationalism
What has the author L W Parkin written?
L. W. Parkin has written: 'The Leigh Creek coalfield' -- subject(s): Coal, Water-supply, Geology, Analysis, Coal mines and mining
