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Card 5 / 15:
What is the formula for the cross-price elasticity of demand?
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Questions & Answers
five positive economic statement
Five positive economic statement and normative economic statement
Paulina
How can capital market be better in the future
Capital market
Capital market - The market of debt or equity securities
Abdullah
help provide equitable distribution of income if, lending policies are less stifle and also curb unemployment and poverty by promoting entrepreneurship
Max
by advancing in technology, accumulation of machinery and other capital and better education and human capital all lead to increased economic growth and make the market better for the future.
odebode
pls wat is production possibility curve
economic is an art or science?
what is microeconomics and macroeconomics
microeconomic deal with the study of individual firms and household and macroeconomics deal with the economy as a whole.
Ebenezer
difine VAT,, and give advantage and disadvantage VAT
Barack
Sir bsc ki economic ke ghraph ki book send karin
Bilal
wat is meant by monopoly
Hasia
monopoly is a process whereby one supplier and lot of damands in the market
dassikells
this is where there is only one supplier in the market with many buyers
Isaac
Monopoly is the type of market where only one person sells a commodity to many buyers,that is one seller with many buyers
Opoku
Wat is the importance of economics
it broaden one's mind
malonzy
it help us to make good choices
Yussif
it helps to make efficient use of our scarce resources
Hasia
helps in allocation of the scarce resources to many/myriad human wants
Isaac
what is an efficient wage and how it causes structural unemployment and how it could be shown graphically?
economics is a social science and an art discuss
further explanation on the definition
is demand the same as quantity demanded
Samuel
literally, demand is not the same as quantity demanded. While quantity demanded is directly and particularly related to price, demand is the various relations that exist between quantity demanded and price of a commodity.
Austin
what is business economics
business economics is the way the society uses its limited resources to satisfy their unlimited wants
Sekai
what is business economics
how did Mc connel defined economics
what is a economy planning?
demand means desire for a commodity backed by willingness & ability to pay for that commodity
Rajesh
supply means suppliers supplying more commodities when price's high or less when price's low to satisfy human want
Prince
the coefficient of price elasticity of supply is the measure of percentage change in the quantity supplied of a good due to a given percentage change in its price.
Khushiba
Please what is Economics of Scales?
Prince
what is cardinal and ordinal utility?
Khushiba
Cardinal utility is the satisfaction derived by the consumers from the consumption of goods and services while ordinal is ranked in terms of preference.
Grace
Please explain what is meant by Economic Integration?
Prince
Please I need help!!!!
Prince
economics scales I don't know but I know laws of returns to scale
Khushiba
can someone help explain to me what is fairly inelastic dd
TIMAH
Economics
Economics - The study of how people use their limited resources to try to satisfy unlimited wants
Abdullah
Economic integration has been one of the main economic developments affecting international trade in the last years. Countries have wanted to engage in economic cooperation to use their respective resources more effectively and to provide large markets for member-countries of the resulting integrate
Abdullah
Inelastic Demand
When consumers are relatively unresponsive to price changes. A PED coefficient of less than one means that a particular change in the price of a good will be met by a proportionally smaller change in the quantity demanded.
Abdullah
demand refers to goods and services that a consumer is willing and able to buy at given rate over a given period of time
Freeman
Demand - The entire relationship between the quantity of product that buyers wish to purchase per period time and the price of that product..
Abdullah
what are the factor that affect demand
akbal
The factors that affect demand
Price
Price of the other commodity
Wheather and climate conditions
Zaharaddeen
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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