HKCEE ECONOMICS | 3.2 Price floor | P.1 1. 1992/II/24 If the government imposes a price floor below the equilibrium price‚ there will be A. a decrease in the sales revenue B. a decrease in the quantity transacted C. an excess supply D. no excess demand 2. 1993/II/27 Filipino maids working as domestic helpers in Hong Kong receive a minimum wage. They usually have to wait for a long time before obtaining employment in Hong Kong. They would have a shorter waiting time and more employment opportunities
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Name: Instructor: Course: Date: Gender Communication Women are continually hammering against a glass ceiling and also their advancement is usually hindered by a promotion bottleneck in the middle management and a sticky floor. According to a recent research on an analysis of careers from a number of employees‚ it was found out that the rates of promotion for men from the start of their careers to senior management was higher as compared to women who started at the same level. Majority of men
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The income and substitution effects of a change in the price of a good. Economics and Information systems Aboyowa Okoturo 3/2/2012 INTRODUCTION The relationship that occurs between one’s consumption‚ his or her personal preferences and the demand curve is one of the most complex associations in economics. Unconditionally‚ an economist would carry the mind set that whatever is purchased by an individual is consumed‚ and the only exception to this is if the purchase is for a productive
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The effects of food price inflation in Hong Kong Over the past few years‚ the prices of food have been increasing in Hong Kong. The Hong Kong Census and Statistics Department (2010) reported that the increase in food price in 2009 was relatively large. Some of the food items that experienced surges in prices included live chicken (20% increase in average retail price) and fresh beef (7% increase in average retail price). Outcries by the public have suggested that this food price inflation has had
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Market Structure o Perfect (pure) competition Price–taking firms each with no influence over the ruling market price (see diagram below) Free entry and exist of businesses in the long run – drives down profits towards a normal profit equilibrium level Each supplier produces homogeneous products – each a perfect substitute – hence the perfectly elastic demand curve for the individual supplier Key factor - interdependent nature of pricing decisions between rival firms Each firm must consider
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and the cleanliness of the floor and only thing that make this possible is the product called Floor wax it is applied on floor surfaces to make it scuff-resistant‚ water-resistant‚ slip resistant and glossy. It provides a thin‚ protective and hard surface layer when applied to flooring. In this modern age‚ floor polishes is made from synthetic materials and with the advancement of synthetics so does floor wax‚ each passing day over half a million people are using floor wax even as we speak someone
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EFFECT OF PRICE INSTABILITY ON ECONOMIC GROWTH IN PAKISTAN An Econometric Approach By HASSAN BIN TARIQ Student of MBA (III) Section: B Roll no. 1014142 In the guidance of M.A JALIL Senior lecturer (Research Synopsis) Federal Urdu University of Arts‚ Science & Technology‚ Karachi Campus: Abdul Haq TABLE OF CONTENTS: Page No. ABSTRACT ………………………………………………………. 3 SECTION – 1 >>> INTRODUCTION 4 to 5 1. Background
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A rise in global oil prices by $ 10 per barrel would reduce India’s economic growth by 0.2 percentage points and also affect the country’s current account deficit‚ Goldman Sach said. "A VAR (value-at-risk) analysis suggests that a $ 10 increase in oil would reduce GDP growth by 0.2 percentage point‚" Goldman Sachs said in its latest edition of ’Asia Economics Analyst’. India on Monday voiced serious concern over the rising crude oil prices‚ which have touched a two-year high‚ and said it could
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The Positive and Negative Effects of Falling Oil Prices Over the last few months‚ oil and gas prices have dropped a significant amount‚ to much relief of American consumers. But is the falling cost of oil necessarily a good thing? For some the answer is no‚ but to others‚ yes. Here is a compiled list of some of the benefits and some of the disadvantages caused by the drop in price. The cost of filling up a tank of gas is the lowest it has been in 11 years. Consumers will spend an average of
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