Specific good or service

Assignment Help Business Economics
Reference no: EM133235651

Question

Pick one specific good or service and explain how the demand for the good or service could dramatically decrease in a short period of time.

Reference no: EM133235651

Questions Cloud

What idea of scarcity means and what it implies : What the idea of scarcity means and what it implies? Does your going to college have anything to do with expanding choices or reducing scarcity?
Regulation imposes costs to economy : Suppose a regulation imposes costs to the economy of $1 bn in the first year, $0.6 bn in the second year and $0.1 bn thereafter.
Focused on dominating the market place : Do you believe all businesses should be focused on dominating the market place? Is this a realistic goal? or should it always be the goal? Why or why not?
Customer satisfaction survey : What sort of questions would a customer satisfaction survey based on the internal and external users of the fast-food industry ask?
Specific good or service : Pick one specific good or service and explain how the demand for the good or service could dramatically decrease in a short period of time.
About strategy reflected in action : Investigate, research, and write-up at least a three-page professional analysis of an article about strategy reflected in action.
Human capital to boost canada economy : What are the downside of importing scaarce resources like human capital to boost Canada's economy?
Public intervention : Discuss when public intervention is justified according to the economic theory.
Discuss whether you feel product is elastic or inelastic : Give an example of a product or service and discuss whether you feel the product is elastic or inelastic.

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd