Which market determinants deal to represent the effective demand? a. Demographic variables b. Technological variables c. Purchasing prosperity d. Economic variables
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- Please no written by hand solutions For a demand schedule, which of the following is held constant? a. relative prices b. nominal prices c. quantity demanded d. quality of the goodHow is the buying behavior in business markets impacted by different types of demand? Identify the three types of demand (derived, Inelastic, Fluctuating), illustrate each demand with examples with product pictures, and how they affect buying behavior?QUESTION “generic drug”contains the same active chemical ingredientas a drug that was previouslyprotected by a patent. Generic drugs are essentially the sameand are sold by many different, smallfirmsafter the original patent has expired. A well-known example is the antibiotic penicillin. The COVID-19 pandemic has seen high use of penicillin by those infected by the virus. Using the demand-supply model, analyse this change inconsumer preferencesregarding this drug. Examine the likely consequences in one or two related markets of your choice.
- Which is not a determinant of demand? * A) income B) the cost of inputs in production C) the prices of related good D) future price expectationsexplain the concept of inelastic demand while cproviding an exampleAre predictions using the supply-and-demand model likely to be reliable in each of the following markets ? a) Apples b) Convenience storesc) Electronic games ( a market dominated by a few firms)d) Used cars
- Give an example of a market supply and demand curve. Describe the market and show the relationship graphically. Further, explain using the graph how you would know the price of this product and quantity of the good that’s sold. in economics Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.I need help with econ multiple hw questions asap! 106) A firm’s demand for a factor of production is linked to its decision to supply a good in the market. What do we call this type of demand? A. secondary demand B. derived demand C. differentiated demand D. hybrid demand-supply 105) A firm’s demand for a factor of production is linked to its decision to supply a good in the market. What do we call this type of demand? A. secondary demand B. derived demand C. differentiated demand D. hybrid demand-supplyExplain what we mean by derived demand, inelasticdemand. fluctuating demand, and joint demand
- The demand for a commodity generally decreases as the price is raised. Suppose that the demand for oil (per capita per year) is D(p)=1000//p barreis, where p is the price per barrel in dollars. Find the demand when p=55. Estimate the decrease in demand if p rises to 56 and the increase in demand if p is decreased to 54. The demand D(55)= The decrease in demand =? barrels. The increase in demand =? barrels.(a) Due to the increase in the demand for video games, the equilibrium price of video games increases by 10 percent, and the equilibrium quantity increases by 5 percent. Is the price elasticity of supply of video games elastic, inelastic, or indeterminate? Explain your answer (with calculation if possible). (b) Suppose Marcus produces chocolate with two inputs: factory and labor. If the workers become more productive with better training, state whether the average fixed cost, average variable cost, average total cost, and marginal cost will rise or fall?the following data represents a set do demands that have occurred over the last several years at a soap making company. The data were collected on an annual basis. Year Actual Demand (At) Forecast (Ft) 1 310 2 365 3 395 4 415 5 450 6 465 7 a) using the SIMPLE AVERAGE method to predict the demand for the 7th year b) the SIMPLE MOVING AVERAGE method to predict the demand for the 7th year