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What are two divisions of economics?
Macro-economics and micro-economics are these two divisions.
When is equilibrium achieved?
In any market, equilibrium is achieved when the level of demand is equal to level of supply. This means that there is a perfect balance between the two variables.
What are two subfields into which economics is divided and explain it?
The two subfields of economics are positive statements and normative statements.
What is the 2 division of economics?
Microeconomics and macroeconomics is the two division of economics.
What are the two subfields into which economics is divided?
micro and macro economics
What is an example of inversely related?
An example of two variables that are inversely related is the price of a product and the quantity demanded by consumers. As the price of a product increases, the quantity demanded by consumers typically decreases, and vice versa. This relationship is described by the law of demand in economics.
What are the two variable needed to calculate demand?
The two key variables needed to calculate demand are price and quantity. Price refers to the amount consumers are willing to pay for a good or service, while quantity represents the amount that consumers are willing and able to purchase at that given price. The relationship between these variables typically forms the basis of the demand curve, illustrating how demand changes with varying prices. Additionally, factors like consumer preferences and income can also influence demand, although they are not direct variables in the basic calculation.
What are the two variables that effect the force of gravity?
The two variables that affect the force of gravity are the mass of the objects involved and the distance between them. The force of gravity increases with the mass of the objects and decreases with the distance between them.
What are 2 variables that are involved with friction?
Two variables involved with friction are the nature of the surfaces in contact and the force pressing the surfaces together. The roughness or smoothness of the surfaces, as well as the weight or load applied on them, can affect the amount of friction generated.
What are two divisions of economics?
Macro-economics and micro-economics are these two divisions.
Is The equation 4x 6y24 is an equation in two variables?
Without an equality sign and not knowing the plus or minus values of the given terms it can't be considered to be an equation.
Can you solve 3x2-3y2-48 equals 0?
No! To get the solution number of unknown variables must be equal to the number of equations. [For example, In this case, two variables (x and y) are involved but only one equation is given. so, we need one more equation having same two variables to get the solution.] If there is no other equation then value of any one of the variables involved (x or y) must be given to ind the value of the other unknown variable.
What are the variables in a potato battery?
There are several variables involved in making a potato battery. Specifically, the variables include the potato, two pennies, galvanized nails, and some copper wire.
When is equilibrium achieved?
In any market, equilibrium is achieved when the level of demand is equal to level of supply. This means that there is a perfect balance between the two variables.
What does a correlation -0.9 mean?
The two variables involved are highly but not perfectly correlated. When the value of one of them rises the other falls, and vice versa.
What are the two types of variables?
The two types of variables are the CONSTANT and CONTROL.
What is an equation made with two variables called?
An equation with two variables . . . seriously!An equation with one variable can be can be solved, but when there are two variables, you need two equations. This is called a system of two equations in two variables.Three equations in three variables, etc.
