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Questions & Answers

what is deman
Andoh Reply
Demand is what consumer needs.
almas
not only that but also their ability to purchase what they need
Atanga
Demand is what consumers are willing to purchase and able to pay for.
Caleb
Demand is anything one can be able to purchase and possess at any given time.
elvis
demand is the ability and willingness to buy a specific quantity of goods and services, with the given price and at a particular period of time
Ibrahim
Demand for what is it for money or for goods, please specify.
MUNTARI
demand is the desire and ability of a consumer to acquire goods and services at a given price within a period of time
swallow
@muntari -pls this is economics class they are using economics term ok
Napoleon
demand means the ability to acquire a commodity with a strong purchasing power
okhiria
producer equilibrium under alternative market structure
Muhammad Reply
what is abnormal demand
Arabi Reply
Howdoes income affects the demand of a commodity
Kessie Reply
Is the slope of demand curve Negative or Positive
Kessie
Is the slope of demand curve Negative or Positive
Kessie
Is the slope of demand curve Negative or Positive
Kessie
Is the slope of demand curve Negative or Positive
Kessie
Is the slope of demand curve Negative or Positive
Kessie
income affects the demand of a commodity in two ways, that is positive and negative. increase in income results in positive effect, that is more units Will be demanded than before when the Price of the good remains constant. Negative effect, decrease in income results in less units Will be demanded.
Atanga
Negative
Atanga
Hi
Bayong
Request
Massoud
Nice info
Massoud
negative
Francis
Monopoly is a market structure where there is one firm who dominates the industry.In US monopoly is defined when a firm controls 25% of the market
Emmanuel Reply
Monopoly is a market structure where there is one firm who dominates the industry.In US a monopoly is defined when a firm controls 25% of the market.
Emmanuel
That's right but,we have to define it in African context.👏👏👏
MUNTARI
great time to do the same way about anyone else in mind
KANNEH
In Ghana for instance,The electricity company (ECG) enjoys monopolistic powers
Emmanuel
whether in africa or US monopoly is defined the same, the major thing to consider is the major ingridient of the subject which says a market structure were there is one firm who dominates the market or induatry.
Napoleon
Yeah We Must just appreciate that in that market there is one firm dominating the market or industry .
Emmanuel
are you sure... as I know it has firm dominant in some sectors
Dawal
Monopoly is a market situation with only one seller. A natural monopoly exists when the monopolist's solo position is due either to the exclusive possession of some essential input, or to the existence of economies of scale so that no entrant can be profitable once an incumbent firm is established.
Nureni
You guys are great.
MUNTARI
Thanks
Massoud
what is monopoly
Belinda Reply
the forces of dd and ss
Kemg Reply
how did you get 2900
mba Reply
what's equillibrium price
Begmee Reply
it is a Price at which there is no tendency for both the quantity demanded and quantity supplied to change.
Atanga
what is joint demand
Alejandro Reply
joint demand?
Isma
is when two commodities relate together
Emmanuel
it refers to the demand for two commodities that are jountly consumed or used together
Atanga
It is when commodities are used together
Addo
who is a conspicuous consumer
Atanga
what are subnormal profits in ecos
Tawe Reply
what is an ancient tiger
emmanuel Reply
The Four Asian Tigers, Four Asian Dragons or Four Little Dragons, are the economies of Hong Kong, Singapore, South Korea and Taiwan, which underwent rapid industrialization and maintained exceptionally high growth rates between the early 1960s and 1990s.
Napoleon
It is not correct.
Nelly
state ur own na mr correct
Napoleon
who told u?
Napoleon
u are correct
emmanuel
woow I never knew that
Birungi
ask
Foday
a
Foday
what is GDP
Lamin
gross domestic product
Tawe
I want to see unemployment essay
Mmonwa Reply
hello
Birungi
Inflation is defined as the rise in price of a commodity.
Nureni Reply
It is defined as the rise in price of a commodity.
Nureni
the persistent rise in the prices of goods and services. or commodities.
SULEIMAN
pls the third and fourth law of supply
Yarouh
what's GDP?
Allen
gross domestic product
Annor
GDP stands for Gross Domestic Product
Sande
yes
HlobisileM
what us maxima and minima
MiXUP Reply
Maxima s below equilibrium. Whilst minima s above. Equilibrium
Afran
Wht is demand
Afran
is the willingness and the ability of a consumer to purchase goods at a given price and at a particular point in time.
Assan
Ohhk different question? Ask
Afran
why is the demand curve downwards sloppy?
Assan
3 Reasons.. 1... diminishing marginal utility 2... substitution effect 3...income effect
Harshita
thanks
Assan
Because of the negative or inverse relationship between price and quantity demanded
Afran
what is the law of diminishing returns states?
Assan
ohk
Assan
The law states that all other things being equall as much of variable factor(labour) is employed on fixed factor(land) the marginal product rises..attain a maximum and begins to fall.
Afran
What is income elasticity of demand
Afran
what is monetary policy
Edward
Monetary policy is an attempt to influence the economy by opera ting in such monetary variables
Afran
thanks
Edward
Wlcm
Afran
Wht is disutility?
Afran
is disutility? is rightly writing?
Yhlas
is it i wanna say
Yhlas
Yes please Disutility
Afran
what is macro economics?
Oyas
the branch of economics concerned with large-scale or general economic factors, such as interest rates and national productivity.
idk
in other words it is the study of the economic as a whole
idk
what is equilibrium ?
Gift Reply

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Source:  OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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