Red tama ung wlang highlight mali un.. haha 1 Suppose that a consumer’s income triples. However‚ at the same time‚ both the price of and the price of also triple. This consumer has experienced Response: no change in purchasing power. * Edit Question 2 Suppose the price of is PhP20 and the price of is PhP10 and that good is plotted on the horizontal axis. If the price of doubles and the price of triples‚ leaving the consumer’s income unchanged‚ the budget line Response: will shift out from
Premium Consumer theory Analytic geometry
NSS Exploring Economics 4 Chapter 19 Monopoly pricing Questions P.2 Think it over 1. Why does Microsoft not lower its price for Windows so that more people can use its software products? 2. The MTR charges students a lower fare. Do you know why? P.3 Discuss 19.1 Which private companies can be regarded as monopolists in Hong Kong? Do they charge higher prices? What do you mean by ‘higher prices’? Higher than what levels? P.7 Test yourself 19.1 Given the following information
Premium Monopoly Economics Supply and demand
News Article Analysis Topic: Demand and Supply Headline: Used- car shortage looms as curbs bite Source: The Strait Times Date: 25th May 2013 Summary Supply of used-cars has decreased from 7000 to 2400 because MAS (Monetary Authority of Singapore) lifted loan curbs on these vehicles for 60 days. Moreover‚ suppliers are unable to increase supply of used cars since owners are not selling due to future loan restrictions. Under the old scheme‚ car buyers can borrow up to 100 percent of the purchase
Premium Supply and demand
(b) Discuss whether the Singapore government should change its policies for managing the balance of payments. The policies for managing the balance of payments could be directed to the current account via expenditure switching (exchange rates and protectionism)‚ expenditure dampening or raising through Fiscal Policy and Monetary Policy‚ or through long-term measures like supply side policies (increasing general education‚ subsidies‚ etc.). The policies directed at the capital account could include
Premium Macroeconomics Monetary policy International economics
1. What is the difference between a soft commitment and no commitment? In making no commitment‚ a firm has not taken an action or made an investment that alters its own and/or its rival’s competitive responses. In contrast‚ a soft commitment is one that‚ no matter what its competitors do‚ the firm will behave less aggressively than if it had not made the commitment. Thus‚ in a Cournot game a soft commitment will cause the firm to produce relatively less output‚ while in a Bertrand game a soft
Premium Economics terminology Game theory Competition
Finance (ECON W4280) Meeting time: Tu‚ Th 4.10-5.25 Meeting place: Hamilton 503 Office address: IAB 1032 Office hours: Th 11.00-12.00 and other times by appointment Course Description The aim of this introductory course in corporate finance is to provide students with fundamental concepts for understanding firms’ financing decisions and the basic tools for the valuation of a corporation. This course is divided into two parts. Section I discusses valuation frameworks and the theory of corporate
Premium Corporate finance
Economics 200: Principles of Microeconomics Due (in class): Monday‚ Oct. 13 Professor MacDonald Your Name: _______________________________ Problem Set 1 Question 1 (2 points): Explain how each of the following events affects the equilibrium price and quantity in the associated market. Hint: in each case‚ either the supply or the demand curve shifts‚ but not both. Explain your answer in one sentence and draw a graph to accompany your answer‚ being sure to correctly label all parts of the graph
Premium Economics Supply and demand Management
Macroeconomics and microeconomics explained Macroeconomics and microeconomics forms the two major important studies within the branch of economics that are both essential in sustaining the overall growth and standard of the economy. They are interdependent and work in liaison with one another. However they differ in a number of ways both in terms of their scope and implementation. Whereas microeconomics tends to focus on smaller business sectors‚ macroeconomics focuses on the larger income of a
Premium
correlation between price and quantity? Answer: The curve shows a negative correlation between price and quantity • Compute the slope of D1 between points A and C. Answer: Slope is -2/5 (16-24)/(40-20) = -2/5 • What is the slope of D1 between points C and E? Why would you not have to calculate this answer? Answer: The slope has already been calculated. The slope will be the same as part D. • What is it called if we move from curve D1 to curve D2? Answer: An increase in Demand • How do you
Premium Supply and demand
“In the first quarter of 2010‚ the market for private homes in Singapore saw a record breaking prices and transaction volumes‚ prompting calls for government intervention to cool the market.” Using economic analysis‚ explain the reasons for the “record breaking prices and transaction volumes” for private homes in Singapore. Private homes in Singapore seeing a record breaking prices and transaction volumes is due to the actions of both the consumers and the producers‚ which will cause a shift in
Premium Supply and demand