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Basic Economics lesson.
The price of of commodities is based on a relative relationship of supply and demand.
P=D/S
if you increase supply of a certain commodity, as well as decreasing the demand, the equation shows that the price will fall or that it is a "cheap" commodity.
In terms of the saying...
Talk isnt worth much because there is usually alot of it, and for the most part, people dont "demand" it... or want it
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What do scholars talk about when they discuss economics?
When scholars discuss economics they talk about how to understand demand and supply. They also assess how businesses affect the economy.
What is supplyand demand?
Supply is the amount of a product that companies are manufacturing. Demand is the amount of a product that customers wish to purchase. When people talk about supply and demand they normally refer to supply and demand curves, and where they intersect is the market equilibrium price and quantity of the product offered. As price increases, companies will want to supply more of a product to make more money, but customers will demand less because they are less willing to pay higher prices for a product. (By product, I mean good and services)
What are the techniques for Assessing Demand and Supply of labor?
Make it up to suit whatever your argument might be. Wrap around it a large dose of economistic double talk so that you sound clever and nobody is brave enough to question your predetermined conclusions.
What is the price elasticity of supply for a laptop?
The elasticity of supply establishes a quantitative relationship between the supply of a commodity and it’s price. Hence, we can express the numeral change in supply with the change in the price of a commodity using the concept of elasticity. Note that elasticity can also be calculated with respect to the other determinants of supply. However, the major factor controlling the supply of a commodity is its price. Therefore, we generally talk about the price elasticity of supply. The price elasticity of supply is the ratio of the percentage change in the price to the percentage change in quantity supplied of a commodity. Es= [(Δq/q)×100] ÷ [(Δp/p)×100] = (Δq/q) ÷ (Δp/p) Δq= The change in quantity supplied q= The quantity supplied Δp= The change in price p= The price
Differentiate between microeconomics and macroeconomics?
Well, Micro Economics deals with an individual's behavior. It deals with individual and market demand and supply and the equilibrium price etc. It will tell you that if you are a consumer, you will compare prices and choose the cheapest product giving you the maximum utility (satisfaction) too. If you are a producer, you will see which product is most profitable to produce. You will take into account cost, revenue, competition. You will deal with forms of market such as monopoly oligopoly etc. When you talk about Macro Economics, you are talking about the entire economy. National Income, Gross Domestic and Gross National Product etc. You will know the Aggregate Demand and Supply. You will understand foreign exchange, budgeting, banking and the measures to correct inflation and deflation. You will understand about financing deficits etc. Most of this is Keynesian Economics devised during The Great Depression in 1929. Strangely, the Obama government is following many simple laws of Macro Economics to help America out of the economic downturn.
What do scholars talk about when they discuss economics?
When scholars discuss economics they talk about how to understand demand and supply. They also assess how businesses affect the economy.
What is supplyand demand?
Supply is the amount of a product that companies are manufacturing. Demand is the amount of a product that customers wish to purchase. When people talk about supply and demand they normally refer to supply and demand curves, and where they intersect is the market equilibrium price and quantity of the product offered. As price increases, companies will want to supply more of a product to make more money, but customers will demand less because they are less willing to pay higher prices for a product. (By product, I mean good and services)
When was Talk's Cheap created?
Talk's Cheap was created in 1979.
Did Miley Cyrus swear in her song talk is cheap?
No she did not swear in talk is cheap
When was Talk Is Cheap created?
Talk Is Cheap was created on 1988-10-03.
When was Talk Is Cheap Vol I created?
Talk Is Cheap Vol I was created on 2001-04-23.
When was Talk Is Cheap Vol IV created?
Talk Is Cheap Vol IV was created in 2004-12.
After all is said and done usually more is said than done?
Talk is cheap
When was Talk Is Cheap Vol III created?
Talk Is Cheap Vol III was created on 2004-01-13.
When was Talk Is Cheap Vol II created?
Talk Is Cheap Vol II was created on 2001-04-24.
What does talk is cheep mean?
Talk is cheap....it is easier to say you will do something than actually do it
What are the release dates for Howard Stern on Demand - 2005 The Women of the Talk?
Howard Stern on Demand - 2005 The Women of the Talk was released on: USA: 2011
