Economic laws are established in order to make successful, Ask an Expert

Economics

Q1. The factors affecting demand also estimate the amount in percentage for each factor also putting all these factors together, Illustrate what might be the cumulative overall change in D each year?

Q2. Conclude the equilibrium price also quantity in the subsequent situation. Demand is represented by the equation, P=30-.5QD also delivery by the equation P=5+.5QS.

Q3. Explicate:"like all scientific laws, economic laws are established in order to make successful prediction of the outcome of human action."

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M9163961

Have any Question?Write your Review or question?

Related Questions in Business Economics

Companies persue closer coordination and collaboration with

Companies persue closer coordination and collaboration with channel suppliers to better address customer needs inorder to 1) Develop human resource management activities that improve the skills, expertise and knowledge o ...

In a random sample of 100 college student 60 were females

In a random sample of 100 college student 60 were females, 65 were under 21 years of age and 15 males were 21 years of age or older, a student is selected at random from the sample. What is the probability that a female ...

Looking for some guidance on estimating supply and demand

Looking for some guidance on estimating supply and demand curves. An sample practice problem lists: (demand and supply are in millions) Q(demand)=10-4P Q(supply)=-2+8P How do we plot something like this on a graph to fin ...

Research scenarionbspa social psychologist is interested in

Research Scenario: A social psychologist is interested in whether the number of days spent in a refugee camp predicts trauma levels in recently resettled refugees. He interviews 17 refugees to determine how many days th ...

Consider the tableage group 18-29 30-39 40-49 50-59 60-69

Consider the table Age group 18-29 30-39 40-49 50-59 60-69 70 and over Frequency 9831, 7845, 6869, 6323, 5410, 5279 What is the probability that the next person chosen will be in the 40-49 or 50-59 age groups?

Suppose the restaurant industry is perfectly competitive

Suppose the restaurant industry is perfectly competitive and all producers have identical cost curves. The industry is currently at a long-run equilibrium, with each firm producing at its minimum long run average total c ...

Why does a government undertakes expansionary fiscal

Why does a government undertakes expansionary fiscal policy? What are the problems of undertaking expansionary fiscal policy? When is fiscal policy more appropriate than monetary policy?

The mean length of 12 newly hatched iguanas is 700 inches

The mean length of 12 newly hatched iguanas is 7.00 inches with a standard deviation of 0.75 inches. Construct and interpret a 90 % confidence interval for the mean length of all newly hatched iguanas. Assume that the le ...

What is the theory of consumer choice and how it consumers

What is the theory of consumer choice and how it consumers facing trade-offs make decisions and how they respond to changes in their environment?

Trade restrictions can be implemented by tariffs and quotas

Trade restrictions can be implemented by tariffs and quotas acting on price and quantity respectively or by non-tariff barriers (NTBs). Explain what constitute NTBs ranging from industrial policy, technical barriers, sub ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert