Importance of elasticities of demand and supply, Public Economics

Assignment Help:

QUESTION 1:

Assuming that you are a consultant on the ‘Light Rail' project and you are asked to forecast demand for this mode of transport. What are the forecasting techniques that you may consider to use?

QUESTION 2:

Explain the importance of a knowledge of elasticities of demand and supply for

a) a manufacturer of mobile phones
b) a stakeholder in the sugar industry or in the textile industry
c) the Minister of finance


Related Discussions:- Importance of elasticities of demand and supply

Why does government undertake an economic activity, Q. Why does government ...

Q. Why does government undertake an economic activity? If ever an activity has large externality or spill over and includes a large number of people, it may be found better th

#taxation., general equilibrium analysis of taxation in shven and whalley (...

general equilibrium analysis of taxation in shven and whalley (1984) article

Explain the social and economic implications of budget, Question 1 Legisla...

Question 1 Legislature, most commonly known by the name parliament, forms the first important organ of a political organization and to hold this position it performs certain func

Enactment of social norms into laws, Suppose there is certain social norm. ...

Suppose there is certain social norm. Its enactment into statutory law lowers people's private cost of its enforcement because it creates the possibility that violation of norm wi

Affirmative action and anticorruption programme, A change in the legal stat...

A change in the legal statute may be able to force an equilibrium if it leads to a new equilibrium which implies some revised belief which sustains the equilibrium. Tirole (1996)

What are the consequences of government deficits, Question 1: Briefly (...

Question 1: Briefly (three or four paragraphs) give reasons for your answer. (a) In studying the public sector, economists should use either positive or normative economics

Informal regulations on pollution, Normal 0 false false fal...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Theory of Second Best and Pareto Optimization, “In the presence of institut...

“In the presence of institutional constraints, the Theory of Second Best tells us to perform the welfare maximization problem to solve the Pareto Optimal conditions and then apply

Journal of liberalism, how to make summarize the basic tenets of the argume...

how to make summarize the basic tenets of the arguments in the case of Mark Davis 2010 of journal of liberty?

Write Your Message!

Captcha
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