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If a price increase has little or no effect the demand for the product is?
When a price increase has little or no effect on the demand for a product, it is inelastic.
What is the output effect and the price effect for an oligopoly?
Since P>MC for an oligopoly, the output effect is that selling one more unit at the sales price will increase profit.The price effect is that an increase in production will increase the total amount sold, which will decrease the price and decrease the profit on all other units sold.If the output effect is greater than the price effect, the owner will increase production.If the price effect is greater than the output effect, the owner will not increase production (and may even decrease production).Oligopolists will continue to increase or decrease production until these marginal effects balance.
What is the effect of an increase in consumer income on demand for a good?
They both will increase (or decrease).
What are the effect of floating exchange rate if the government increase tariff?
increase in importation of the products
Identity five types of taxes you are familiar with Define each type and explain its assume effect?
identity five types of taxes you are familiar with. Define aech type and explain its assume effect?identity five types of taxes you are familiar with. Define aech type and explain its assume effect?
There is Increase in price of salt explain its effect on its demand?
help me
Which of the follwing does not help to explain the incumbency effect?
An increase in voter turnout does not help to explain the incumbency effect. Instead, factors such as name recognition, experience, access to resources, and constituent service typically contribute to the advantage that incumbent politicians have in elections.
Does the hydrophobic effect contribute to an increase in entropy?
Yes, the hydrophobic effect contributes to an increase in entropy.
What has the author Roslyn Friedman written?
Roslyn Friedman has written: 'Coping with your husband's retirement' -- subject(s): Effect of husband's retirement on, Husbands, Retirement, Wives 'Abroad on her own' -- subject(s): Travel
Does alt increase in blood effect on body?
Does ALT increase in blood effect on human body or liver?
What has the author Leland Powers Bradford written?
Leland Powers Bradford has written: 'Retirement' -- subject(s): Retirement, Psychological aspects of Retirement, Psychological aspects 'The effect of practice upon variability in memory tests'
What are the benefits of the Civil Service retirement system?
A benefit of the Civil Service retirement system is that employees contributing to the plan can have a guaranteed amount of money saved for their retirement. This program came into effect as of August 1, 1920.
If a price increase has little or no effect the demand for the product is?
When a price increase has little or no effect on the demand for a product, it is inelastic.
What is the output effect and the price effect for an oligopoly?
Since P>MC for an oligopoly, the output effect is that selling one more unit at the sales price will increase profit.The price effect is that an increase in production will increase the total amount sold, which will decrease the price and decrease the profit on all other units sold.If the output effect is greater than the price effect, the owner will increase production.If the price effect is greater than the output effect, the owner will not increase production (and may even decrease production).Oligopolists will continue to increase or decrease production until these marginal effects balance.
Does an increase in velocity or an increase in mass have a greater effect on momentum?
An increase in velocity has a greater effect on momentum than an increase in mass. This is because momentum is directly proportional to velocity, while mass only has an indirect effect on momentum through its influence on velocity.
What does the skin effect increase in a conductor?
line losses tend to increase
When is Archbishop Desmond Tutu's retirement due to go into effect?
When he turns 79 in October 2010.
