1. Compute the elasticities for each independent variable. Note: Write down all of your calculations. When P = 500‚ C = 600‚ I = 5500‚ A = 10000 and M = 5000‚ using regression equation‚ QD = -5200 - 42*500 + 20*600 + 5.2*5500 + 0.2*10000 + 0.25*5000 = 17650 Price elasticity = (P/Q)*(dQ/dP) From regression equation‚ dQ/dP = -42. So‚ price elasticity EP= (P/Q) * (-42) = (-42) * (500 / 17650) = -1.19 Likewise‚ EC = 20 * 600 / 17650 = 0.68 EI = 5.2 * 5500 / 17650 = 1.62
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High housing prices in Shanghai The topic of my presentation is making analysis into three parts—current situation‚ cause and solution. The first part—current situation. Now‚ many experts still believe that housing prices continue to rise; just because of limited land. The range of rise in housing price exceeds the range of rise in resident income. It makes lots of low and middle-income people worried about their own houses. Housing revenue rate is increasing‚ so real estate plays an important
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1. Supply and Demand Economists Are a Joke? ________________________________________ A smarty-pants old story says that if you want a "learned economist‚" all you have to do is get a parrot and train the bird to squawk "supply and demand" in response to every question. Not fair‚ but ... It ’s true that the "theory of supply and demand" is a central part of economics. It is widely applicable‚ and also is a model of the way economists try to think most problems through‚ even when the theory of
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Introduction In this project‚ we have chosen City’ Super as our investigation target. We will discuss its buyer’s responsibilities in merchandising and the external forces affecting its buyer’s environment and will provide recommendations for City’ Super. Moreover‚ we will investigate how City’ Super locates right resources and prepares merchandise for sale in order to satisfy the needs and wants from the customers. The responsibilities of the buyer of City’ Super can be divided into five categories. The
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Deam DECCAN EDUCATION SOCIETY’S BRIHAN MAHARASHTRA COLLEGE OF COMMERCE DEMAND - SUPPLY ANALYSIS PROJECT REPORT Submitted for the partial fulfilment of requirement for BACHELOR OF BUSINESS MANAGEMENT IN INTERNATIONAL BUSINESS [BBM-IB] Degree Course under University of Pune GUIDANCE: Prof. Shiji Balan Madam A PROJECT BY: PRANAV S. BANSODE T. Y. B. B. M. (I.B.) ROLL NO: 07 ACKNOWLEDGEMENT I Pranav Shrikant Bansode acknowledge that it was a pleasure to make the project and work it out
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THUA THIEN HUE AND HUE CITY 1. Basic information Area: lt has the natural area of 5‚053.9 square meters spread in the long and narrow land‚ with the average width of 60 km and the length of 127 km. It is along the direction of North West - South East parallel with the coast‚ with various terrains of mountains‚ hills‚ coastal plains and lagoons. 2. Location a.Geography location Locates in the North Central Coast of Vietnam‚ approximately in the center of the country at latitude of
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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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“THE CITY OF MEMPHIS” The city of Memphis is located in the western corner of the state of Tennessee‚ and the county seat of Shelby County. Memphis is the biggest city in Tennessee‚ and the third largest in the United States. The residents of Memphis are referred to as “Memphians”‚ and the Memphis region is known as the “Mid-South”. Downtown Memphis sits along the banks of the Mississippi River. Several large parks are scattered throughout the city‚ the most popular one is called the Overton Park
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FACTORS THAT DETERMINE THE PRICE OF GARMENTS 1) Quantity –In general‚ as quantity increases‚ price per garment decreases. 2) Number of colors 3) Number of print locations- The size of the print will not affect the price. 4) Sizes- There is additional charges for XXL and up 5) Type of garment Also The final price for a product may be influenced by many factors which can be categorized into two main groups: * Internal Factors - When setting price‚ marketers must take into consideration
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Urbanization is a socio-economic process by which an increasing proportion of the population of an area becomes concentrated into the towns and cities. The term is also defined as the level of population concentration in urban areas. The proc ess of urbanization increases both the number and size of towns and cities. Urbanization is the most significant phenomenon of the 20th century which has almost affected all aspects of the national life in India. Being the second most populous country in the
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