Classify general education as a need, a want, or a demand and explain your answer. Explain the concept of the crowding-out effect. Explain the following term "Blanket Approach to Regulation". Explain the determinants of demand in relation to physicians. ...
Define the term 'Economics'. What is meant by the economy's aggregate demand curve (AD)? How do economists define scarcity? Explain what it means: Microeconomics is part of economics. State and Explain the determinants of demand in economics. ...
The dynamic panel data approach indicates that trade, population, and income are more important determinants than relative price.Nuno Carlos LEITÃOGeneral Association of Economists from RomaniaTheoretical & Applied EconomicsLeitao, N. C. (2010) `Does Trade Help to Explain Tourism Demand? The Case...
Time-variant pricing and voluntary flexibility in private energy consumption have the potential to enhance demand sensitivity in electricity markets, playing crucial roles in the transition towards a greener energy system. This paper uses survey methods to examine the determinants of the stated willingness...
. This will continue till the consumer attains the condition of MUXPX=MUYPY (b) Unless MU of a good falls, as more units are consumed the consumer will not reach the equilibrium. Show More | ShareSave Class 11ECONOMICSDEMAND AND ITS DETERMINANTS...
Price Floor' is the minimum price fixed by the government below which sellers cannot sell their product. Since this price is normally set above the equilibrium price, there is excess supply in the market. As the seller may not be able to sell all that he
This section examines the determinants of firms’ compliance choices. Notably, firms’ compliance choices are sticky, as demonstrated in Table OA.2 of the online appendix. Firms that selected the dividend (conference call) option in the prior year maintain the same compliance choice around 85% to...
aThis paper has developed and tested hypotheses that explain the main determinants on the factoring and invoice financing choice. The evidence from the demand side for factoring is consistent with perceptions of the suppliers of those services to indicate that there is indeed a focus of ...
However, recent evidence suggests that injunctive norms (what one “ought” to do) are critical determinants of choice in charitable contributions as well as in dictator games (Drouvelis & Marx, 2021; Krupka & Weber, 2013). Since empirical work has focused almost exclusively on the descriptive ...
Describe the difference between the price elasticity of demand and income elasticity of demand. Briefly explain any three determinants of the price elasticity of demand. How does elasticity affect the burden of a tax? Justify your answer using supply and demand diagrams. With examples, explain how...