(i) What is meant by ’cross-price elasticity of demand’? It is a measure of the responsiveness of demand for a good to a change in the price of another good. This good can either be a substitute good or complementary good. (ii) Comment on the cross-price elasticity of demand between platinum and gold. When the price of platinum rises demand for gold rises. Because gold can be a substitute for platinum people will want to buy gold more when the price of platinum increases. (b)
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parents want their child to be in a safe and comfortable environment. So‚ this is why Eco- School Project stand for. The aim of eco- school project is to raise awareness among the students on the environmental issue and world perspectively. Locally right now there are only 2 schools are involved in the eco- school project . Our school was one of it. Currently‚ our school have conducted some activities for the eco-school project. The energy group had the pre-earth hour launch of green Friday. Up
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and their competitive organizations set the prices for their industry. “Because of their “fewness‚” oligopolies have considerable control over their prices‚ but each must consider the possible reaction of rivals to its own pricing‚ output‚ and advertising decisions” (Brue et al‚ 2009). The two main competitors for the McDonald’s corporation are Burger King and Wendy’s. The pricing summaries for all three organizations are very similar. With prices fairly consistent‚ how are companies competing
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PHYSICS IV ECO CLOCK Investigatory Project SY 2011-2012 Submitted to: Mrs. Josalyn Ungos Submitted by: Group IV Fourth Year – Our Lady of Guadalupe Dela Cruz‚ Jensine Beatrice Diamante‚ Christine Jade Cruz‚ Chinny Marie Elumbaring‚ Ericka Joy Dajac‚ Sacha Bianca The researchers named their project as “Eco Clock.” They chose to investigate on this project because they are aiming to promote the use the natural resources as a source of electricity. They were able
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Technology Project (eco-friendly home) How can we convince people to become more eco-friendly with their homes? Eco-friendly home‚ is kind of «green home». It is a type of house designed to be environmentally friendly and sustainable‚ while also focusing on the efficient use of "energy‚ water‚ and building materials. So in this project I will have to try to show people‚ that eco-friendly home is much better than normal home and than I will have to explain‚ why it is like that. How can
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MBA Programme 2007 Period 1 – Jan/Feb PRICES AND MARKETS Core Course PUSHAN DUTT Date: 5th March‚ 2007 Time: 9am – 12noon Duration of the exam: 3 hours Closed-book exam (two A4 sheets allowed). You may NOT use a computer or a PDA Your answers must be in English Write all answers in a separate booklet‚ not on this question paper. At the end of the exam you can find blank pages as “scratch paper” for calculations. This exam is worth 200 points (you get an endowment of 5 points for showing up)
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Supply & Demand Simulation Erica Bradford ECO/365 June 19‚ 2013 Jeremy Alessandro Supply & Demand Simulation Goodlife Management is the sole provider of apartments available for rent in the city of Atlantis in which the supply and demand simulation provided by UPOX takes place. The simulation provides excellent‚ real-life examples of how the supply and demand curves may shift based upon various factors that occur within the market in Atlantis. The following details such examples as
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Supply and Demand Scenario In the global economical scenario the factors governing the supply‚ demand and even manufacturing location are driven by global factors. The opportunity cost is governed by customer demand in global locations. Proximity to the end user is a key factor in selecting the location of manufacturing facilities or distribution network. This is more important in products where the transportation cost is significant and business is serving a specific customer base. In case
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Chapter Eight Ecotourism in India Mohan Krishen Khanna Introduction India‚ a country situated in south Asia‚ is of subcontinental dimension with a population of over one billion people. India is primarily an agricultural economy with a vast range of crops. The livelihood of over 60% of the population continues to be based on agriculture. Of late‚ there has been a growing trend of urbanisation and diversification away from agriculture. The industrial sector is now playing a larger role in
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Type of Eco Friendly Fabric • Modal Fabric • Hemp Fabric(大麻) • Tencel Fabric（天丝) • Milk protein fabric • Recycled Pet Fabric • Soybean Fabric Modal Fabric Modal fiber is a new kind of regenerated cellulose fiber produced by FCFC (Formosa Chemicals & fiber Corporation)‚ called Formotex fiber. Its key advantage is its high tensile strength. Compared with Viscose‚ Its Wet/dry Tenacity is 1.5 times higher. Due to the high quality of the fiber‚ the resultant yarn is also of high quality.
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