Institute of business management | DIFFERENCES IN PERCEPTION OF CUSTOMERS BELONGING TO DIFFERENT LOCALITIES REGARDING CONSUMPTION OF NUTRITIONAL SUPPLEMENTS‚ SPECIFIALLY PEDIASURE. | Methods in Business Research | | Muhammad Bilal Arif SaharAnum IqbalAhetezaz HaloFaiz Mehmood | 12/10/2012 | | Contents Acknowledgment 3 Abstract 4 Introduction 5 Statement of Problem 6 Significance of Problem/ Purpose 6 Statement of Hypothesis 6 Limitations 6 Literature Review 7
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responsiveness of people to changes in economic variables whereas elasticity demand is used to measure responsiveness of consumer to a price changes. Sugar is fairly elastic demand because there are only small changes in quantity purchased if the price of sugar increases without government’s subsidy. This is because sugar is a necessity to everyone and sugar has no much close substitute. Consumers are fairly not responsive to price changes of sugar and they will be forced to absorb the higher cost if government
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out of 1 points According to the graph below‚ if a country is currently producing at point X‚ the opportunity cost of producing another consumer good is Selected Answer: 20 capital goods Answers: 20 capital goods More than 20 capital goods Fewer than 20 capital goods 20 consumer goods Fewer than 20 consumer goods Question 2 1 out of 1 points The basic economic problem of all countries is the existence of Selected Answer:
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I-1 1) Macroeconomics is the branch of economics that deals with which of the following topics? A) The behavior of individual consumers B) Unemployment and interest rates C) The behavior of individual firms and investors D) B and C E) A and C Answer: B I-2 2) Which of the following is a normative statement? A) The taxes paid by the poor should be reduced in order to improve the income distribution in the U.S. B) State governments should not subsidize corporations by training welfare recipients
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A world bank report in 2007 commented on the continuing need for major spending worldwide on infrastructure in everything from roads and railways to water and electricity generation. A) Explain the effect of national income when there is an increase in spending on infrastructure. B) Discuss whether an efficient allocation of resources can be obtained only if large scale investment is undertaken by the public sector rather than the private sector. A) The national income of a country
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Name: __________________________ Date: _____________ 1. The law of demand implies that: A) consumers are not responsive to price changes. B) consumers will buy more at lower prices. C) sellers will offer more on the market at higher prices. D) sellers will offer less on the market at lower prices. 2. Which of the following factors would cause a movement along the demand curve for a particular good? A) a change in the prices of related goods B) a change in the price of that good C) a change in the
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A. Discuss elasticity of demand as it pertains to elastic‚ unit‚ and inelastic demand. Elasticity of demand is gauged by the percentage of change in demand when the price of an item varies. If the change in the quantity demanded is greater than 1 the demand is elastic. Elasticity of demand is calculated by ED=quantity demanded/decrease in price. If you reduce the price of milk by 6%‚ and that causes an increase of quantity demanded by 9% the demand for milk is elastic (ED= .09/.06 = 1.5).
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questions 6 6 36 60 minutes Short answer questions I 6 4 24 36 minutes Short answer questions II 10 3 30 50 minutes Very short answer questions 10 1 10 15 minutes 2. Weightage by content Unit No Unit Sub-Units Marks 1 Introduction 4 2 Consumer Equilibrium and Demand 18 3 Producer Behaviour and Supply 18 4 Forms of Market and Price determination 10 6 National income and related aggregates 15 7 Money and Banking 8 8 Determination of Income and employment 12 9 Government Budget
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Journal of Health Economics 18 Ž1999. 1–29 An economic theory of cigarette addiction Steven M. Suranovic a‚) ‚ Robert S. Goldfarb a ‚ Thomas C. Leonard b a Department of Economics‚ The George Washington UniÕersity‚ 2201 G St. N.W.‚ Washington‚ DC 20052‚ USA b Department of Economics‚ Princeton UniÕersity‚ Princeton‚ USA Received 1 July 1996; revised 1 March 1998; accepted 30 April 1998 Abstract In this paper we present a model in which individuals act in their own best interest‚ to explain many
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broadly all pegged against the US Dollar‚ and therefore do not fluctuate against each other. The marketing strategy will cover sales in this domestic market as well as a range of global key feeder markets. Through analysis and comparison with economic theories‚ recommendations to guide the marketing strategy have been made. These point to focussing more strongly on the domestic market based on the higher levels of government spending‚ backed by a high oil price‚ the relatively low impact of cross elasticity
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