In simple terms, explain the concepts of supply and demand. Define the price elasticity of demand. Why is this concept important in economics? What is meant by the cross price elasticity of demand? What is meant by cross-price elasticity of demand?
Define the price elasticity of demand and the price elasticity of supply. What is the difference between elastic and inelastic demand? Both the slope of the demand curve, and the elasticity of demand, Define or describe the following: Market risk premium. ...
c. How does the elasticity of supply of loanable funds affect the size of these changes 政府借款对可贷资金市场 的影响 答: 由于可贷资金的供给弹性衡量可贷资金供给量对利率变化 的反应程度 ,所 以它反映在可 贷资金供给 曲线 的形状上 。当可贷资金供给量会大量增加 ,尤其是私人储蓄,因为公共储蓄 由...
Labor supply, Elasticity (Economics), Hours of labor, Econometric models, WagesEconomists have long debated over what labor supply has to do with fluctuations in hours worked. This paper uses a time series of cross-sections from the 1964-88 Current Population Surveys to study whether microeconomic...
Each breath you forced inside inflated the balloon a little bit more, pushing outward with some force against the air pressure and the stretchiness (elasticity) of the rubber pushing in from outside. So, in physics terms, you used a force (your breath) over a distance (the amount you ...
Suppose that the price elasticity of supply of green beans is 2.5. What will happen to the quantity of green beans produced if the price rises by 8%? Suppose the price of diesel fuel (used in tractors) increases. How will this affect the...
a他兴奋得难以入睡 He is excited with difficulty goes to sleep[translate] aExplain the possible outcome of a lack of coordination in the supply chain 解释缺乏的可能的结果协调在供应链[translate]
In economics, the law of diminishing marginal utility states that the added benefit of consuming more of a product or service declines as its consumption increases.
simple two-dimensional chart. Each axis represents one type of economic good. A consumer will have no preference between any of the combinations of goods represented by points on the curve because the combination of goods on an indifference curve provides the same level of utility to the ...
a2. If the income elasticity of demand for a bus ride is negative, then a bus ride is an inferior good. 2. 如果要求的弹性收入对公共汽车乘驾的是消极的,则公共汽车乘驾是一下等好。[translate] a爱好能够帮助我们学习新的技能 The hobby can help us to study the new skill[translate] ...