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Perceived Value Pricing
This refers to a pricing strategy that dictates that the price of a given item will be set based on the customer's perception of the value of that item is not on the seller's costs.
How Airlines solve the perishability of unsold seats and what they do to their prices as the seats get close to perish?
what is rational decision and why it requires one''s choices be consistent with one''s goals?
types of elasticity of demand
why does economist agree or disagree?
#question.suppose the # of producers of electric cars increases causing the supply curve to shift to the right. If the demand curve stays stationary what will happen to the produce
contrast the longrun equilibrium positions of monopolistic competition firm and oligopoly
Structuralist Economics:Its a form of heterodox economicsthat emphasizes relationships betweenincome distribution, effective demand and political and economic power. Structures:
Black or underground or illegal economy: Black or underground or illegal economy has to be conceptualised as an integral and growing part of a variety of economies which emerg
Durability of the Commodity: With some commodities, we require one at a time and they are used for a very long time before they get spoilt. Examples of such goods are cars, tele
Yao''s weekly demand for basketballs is given by Qd = 3-P^2 where P is the price of basketballs. At the current price, Yao''s demand for basketballs is unit elastic. What is the cu
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