Have you ever heard of the catch phrase‚ “What does that have to do with the price of tea in China”. Most people probably are familiar with that phrase as a way of telling a person that the point they are making doesn’t have much to do with the main topic of the discussion. Some think the phrase originated from economists who “describe everything economic as affecting everything else.” This week’s discussion topic may not be about the price of tea in China but instead may I lead in my response to
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DOWNTURN. EFFECT ON PRICE AND QUALITY Name : AFIQAH BINTI MIOR WAHIDIDDIN Student ID : 6143000201 Lecturer : PROF. DR MOKHTAR BIN ABDULLAH Title: Purchasing behaviour towards groceries market during economic downturn. Effect on price and quality. Research Background: To investigate how consumers choose their groceries products based on the supermarket preference that offers better price and quality during economic downturn. Does price or quality influence the decision of consumer to choose the
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IEEE TRANSACTIONS ON ENGINEERING MANAGEMENT‚ VOL. 46‚ NO. 2‚ MAY 1999 Price Elasticity and the Growth of Computer Spending Kar Yan Tam and Kai Lung Hui Abstract—Recent works have indicated that the price of computers is a key factor in explaining the growth of computer spending. However‚ it remains unclear whether the price elasticity of the demand for computers is constant over time. Findings on the pattern of price elasticity will have important implications in the study of information technology
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treatment. However‚ in the 1940’s‚ those of Japanese descent in Canada and the United States were not afforded either luxury. Following the attack on Pearl Harbor‚ Japanese-Canadians and Japanese-Americans became the enemies of their own nations. Discrimination was nothing new; American immigrants of Asian descent were barred from gaining citizenship‚ and all residents of Japanese descent over the age of 14 (United States) or 16 (Canada) were required to register and
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Non-price Competition Non-price competition involves two major elements: product development and advertising. The major aims of product development are to produce a product that will sell well (i.e. one in high or potentially high demand) and that is different from rivals’ products (i.e. has a relatively inelastic demand due to lack of close substitutes). For shops or other firms providing a service‚ ‘product development’ takes the form of attempting to provide a service which is better than‚
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Discrimination is the unjust treatment of people and things based on their ethnicity/race‚ age‚ gender‚ disabilities‚ or religion. People who are victims of discrimination permanently face it throughout their life. In John Steinbeck’s novel Of Mice and Men‚ discrimination is obviously seen‚ but it is also seen in some characters in the book even if they don’t know they’re discriminated against. Through each of these discriminated characters‚ Steinbeck depicts how discrimination affects the character
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Discrimination Around the World Around the world‚ people face discrimination regarding religion and race whether they are natural born citizens or immigrants; whether they are rich or poor. Discrimination is a major problem everyone faces at some point in their lives. In 1939‚ Jewish people faced many problems with discrimination based on how they looked and what they believed in‚ which led to the massacre of the Jewish people. Today‚ people face discrimination with religion‚ race‚ as well as immigration
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The price elasticity of demand (PED) is “a measure of how much the quantity demanded of a good responds to a change in price of the good” (Mankiw 2007‚ p.90). It is a form of measure to determine how willing consumers are to move away from the good as the price of the good rises. Most of the time‚ there are factors that determines the PED‚ such as availability of close substitutes‚ necessities versus luxuries‚ definition of the market and time horizon. In order to calculate the PED‚ a formula is
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Price Elasticity of Demand Shinan Chen Week Two Assignment Price Elastic of Demand 1. 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‚ they are T-I-P-E-N. Taste of preference‚ income‚ price of complements and substitutes‚ expectation of consumer regarding future
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Reverse discrimination is defined as “discrimination in hiring‚ college admissions‚ etc. directed against members of certain social or racial groups‚ as white males‚ thought of as being dominant or having benefited from past discrimination against minority groups who are now favored‚ often as a result of affirmative action” (yourdictionary.com) Affirmative action was created as a remedy for racial discrimination. Its intent was to help people who were victims of discrimination (i.e.: family heritage
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