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Illustrate about Demand theory
Demand theory is one of the core theories of consumer behaviour andmicroeconomics. It attempts at answering questions regarding the magnitude of demand for a product or service based on its importance to human wants. It also tries to assess how demand is impacted by changes in prices and income levels and consumers preferences/utility. Based on the perceived utility of services and goods to consumers, companies are able to adjust supply available and the prices charged.
Explain trend projection method of demand forecasting with illustration.
Ask questiHow does economic theory contribute to managerial decisions? on #Minimum 100 words accepted#
explain perspective of managerial economics
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marris'' model of managerial enterprise?
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distinguish between industry demand and firm demand..
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