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- This is a difficult question. Take your time to match the term to its definition or description. Complement Inferior Good Normal Good Substitute A. E1<0 B. EXY<0 C. E1>0 D. EXY>0Picture a scenario in which the fashion industry is suffering from monopolistic price gouging and a dwindling demand (due to the existence of sweatshops and environmentally unfriendly business practices). A hypothetical situation such as this is likely to cause high unemployment in the fashion industry. What could the government do to correct this market failure? Including diagrams where/if appropriate)influence of cultural learning and its corresponding impact on consumer purchasing behavior. Be sure to apply the respective theories and/or consumer behavior concepts.
- “A direct inducement that offers an extra value or incentive for the product to thesales force, distributors, or the ultimate consumer with the primary objective of creatingan immediate sale. As an intellectual and dynamic marketer of Singer BangladeshLimited, explain with appropriate examples, what promotional tools you will throw topromote your Television in the rural areas of Bangladesh and how?Hello. This is a microeconomics question pertaining to the price elasticity of demand. The question is: If the price of a good rises from $8.50 to $9.50, and the quantity sold increases from 1.2 billion to 1.4 billion (i.e. BOTH price and quantity increase), then we know that total revenue will increase. Therefore, what would you ESTIMATE the elasticity to be? Not looking for formal calculation, but just an intuitive answer. Second part of question is what assumptions or provisos would you offer about your estimate of elasticity? Thank you for any help.Analyze the demand and supply of pfizer, do they encounter shortage or surplus or equilibrium position in our economy. How do they manage any of these cases?
- Solve and analyze the following problems. Make sure all steps are properly justified. Correctly uses mathematical notation or terminology. Interpret the solution in the context of the problem. Suppose the supply and demand equations for a logo sweatshirt in a particular week are given by the following equations:p = 0.20q + 25 (supply)p = 55 - 0.10q (demand)Find the equilibrium price and quantity. Prepare a graph of both equations and determine what each region means.Price differences in “similar” products in different countries often exist. What canexplain those differences?plzz explain it properly
- Qd = β0 +β1Psh +β2M+β3Pcg+β4Ax+ β5C Where, Qd = Quantity demand for a deluxe room in sh Psh = Price of a deluxe room in sh (US$/room) = US$. 200.00 M = Visitors per capita income (US$/Day) = US$ 120 Pcg = Price of a deluxe room in CG (US$/room) = US$. 150.00 Ax = Average advertising expenditure in sh (US$/room) US$. 18.00 C = Customer Satisfaction Index = 8.56 DV: Q R- Square: 0.86 T table value 1.671 No of obse: 62 F- Ratio: 154.15 Var Para Esti SE β0 127.8 49.6 β1 -1.3.0 0.42 β2 2.75 1.01 β3 2.55 1.21 β4 1.41 0.48 β5 1.85 0.23 a) Are estimated parameters comparable with economic theory? why ,What are the significant parameters that could be impact on the demand for a deluxe room b) Construct the Total Revenue (TR) function of Sh hotel and determine the TR maximize demand c) Calculate and interpret, cross-price elasticity, income elasticity, and advertising elasticity of demand for a deluxe room and Calculate Adjusted R2 and interpret it.1. What sort of product is alcohol in economic terms if the government wants torestrict consumption of it?2. Analyze the social costs of alcohol consumption.3. Analyze the factors that would determine the impact of a price increase on theconsumption of alcohol4. Is introducing a minimum price a better way of reducing consumption than trying tochange peoples’ attitudes?4. Explain each key ingredients. (ii) There should be willingness to buy the product.