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What is the price-level effect?
The change in the interest rate due to a change in the price level.
What would have no effect on the demand for motorcycle?
A change in the cost of steel.
What is RER in exchange rate?
The real exchange rate based on constant price to eliminate the effect of price change
What is meant by a price inelastic demand?
If the % change in quantity demanded is less than the % change in price it has a minor effect. In this case demand is not very responsive to a change in price. It is called inelastic! Mr Jon Link told me! :)
A change in the quantity demanded of a consumer good that results from a change in its relative expensiveness caused by a change in the products price?
substitution effect
What is the price-level effect?
The change in the interest rate due to a change in the price level.
What kind of change will a change in the price of an unrelated good have?
It will have no effect and cause no change.
How do you link the quantity to effect the price on Excel?
On excel i am trying to link it so that when i change the quantity, the price will be increased as at the moment all that happens is the quantity will go up without effecting the total cost
What effect did the assembly line have on the cost of goods?
It lowered the price of goods.
What effect does change in demand have on price and quantity?
More porn !
What is the difference in price effect and a change in demand?
price effect is the inclination of people to buy less of something at higher price than they would buy at lower prices. a change in demand if the entire line of demand must move or shift.
What would have no effect on the demand for motorcycle?
A change in the cost of steel.
What is RER in exchange rate?
The real exchange rate based on constant price to eliminate the effect of price change
What is meant by a price inelastic demand?
If the % change in quantity demanded is less than the % change in price it has a minor effect. In this case demand is not very responsive to a change in price. It is called inelastic! Mr Jon Link told me! :)
How much does an oil change cost in MA?
$40 is a fair price.
A change in the quantity demanded of a consumer good that results from a change in its relative expensiveness caused by a change in the products price?
substitution effect
Sentence for Substitution effect of a price change?
the the change in price of a commedity, consumer will buy other good intead
