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. ...
Do incentives, complexity and the demand for leisure explain caesarean-section deliveries?childbirthhospitalshealth serviceslifestylesSpainPurpose - The purpose of this paper is to understand the determinants of quality in obstetric care and particularly why caesarean sections (CS) are experiencing ...
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., „Does Trade Help to Explain Tourism Demand? The Case of ...
If the demand for corn increases due to its use as an alternative energy source‚ what will happen to the supply of corn ’s substitute such as soybean? To answer this‚ first we have to understand what determinants will shift demand and supply. There are five demand determinants...
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...
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...
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
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...