QUESTION 1 a. A downward-sloping demand curve shows in both graphs when the quantity at each price is doubled what it was. However‚ the curve in demand for pharmaceutical drugs is drawn with a relatively steep slope as inelastic products. Equilibrium price down-sloping along the demand curve while quantity in both market increased to some extent. b. In inelastic demand of pharmaceutical drugs‚ the percentage change in price is greater than the percentage change in quantity demanded. While in elastic
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The possibility that microorganisms exist was discussed for many centuries before their actual discovery in the 17th century. The existence of unseen microbiological life was postulated by Jainism‚ which is based on Mahavira’s teachings as early as 6th century BCE.[19] Paul Dundas notes that Mahavira asserted existence of unseen microbiological creatures living in earth‚ water‚ air and fire.[20] Jain scriptures also describe nigodas‚ which are sub-microscopic creatures living in large clusters and
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Subject: Business Economics Subject Code: BUECO5903 Course Coordinator / Moderator: Paul McPhee / David Spiers Assignment A: Microeconomics Student Name: Noor Aini Faiz Student Number: 30120381 Lecturer: Dr. Ganeshamoorthy Question 1: (a) Explain and illustrate using suitable diagrams‚ the impact of external costs and
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April 28‚ 2013 English 112 Leonard The Misunderstood Pit-bull The misconception of the pit-bull has always been controversial to most people. Most of the public refers to the breed as mean and vicious. It is unfair that they judge the breed based on rumors and hearsay rather than base it on hard facts. These rumors make it hard for current owners and potential owners to adopt or own this breed. The pit-bull has the same right to become a loving pet as any other animal does.
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Macro Economic System and its Management. 1. Macro Economic Concerns: • Micro vs Macro Economics. • Major Building Blocks of Macro Economics: 1) AD & AS 2) Four Sectors: HHS‚ BS‚ GS & FTS 3) Two Markets: Commodity Market and Money Market. • Specific issues to be addressed in Macro Economics: o Rising Prices o Rising Unemployment o Falling GDP o Balance of Payments Crisis. • Tools of Macro Economic Policy and Management:
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INTRODUCTION: The micro Environment The micro environment refers to the forces that are close to the company and affect its ability to serve its customers. It includes the company itself‚ its suppliers‚ marketing intermediaries‚ customer markets and publics. The business can take control over all challenges and influences in the micro environment. BODY: 1.1.1)Vision The vision of the business is what the business aims to achieve. It sets out where a business needs to go to be
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When pit-bulls don’t attack? Pit bulls are thought to be aggressive‚ dangerous‚ and sometimes even lethal to other animals and people. That is why most individuals think it is sensible to have them banned in certain cities and sometimes even states‚ but all of these perceptions are incorrect. There are a lot of misconceptions about pit bulls that range from their temperament to their anatomy. All of these mistaken beliefs have lead Miami-Dade County to consider these dogs illegal to be owned within
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Batman vs. the Bull A part of growing up is making acquaintance with sexuality. Everyone has a first sexual experience. It is going to happen sooner or later in life. It usually occurs in the stage between childhood and adulthood. This is what Casey experiences in the short story Batman vs. the Bull written by Adam Marek. The story is about a boy‚ Casey‚ who is on his way to become a grownup. In the beginning of the story‚ we are told‚ that Casey is running through a forest playing a game in which
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Dr. Kris De Jaegher Extra Material complementing Pindyck and Rubinfeld Chapter 2 Learning Objectives 1. Understand the meaning of demand and supply curves‚ and see how equilibrium is established; 2. Understand the meaning of the slope and intercepts of demand (and supply) curves; 3. Understand the difference between movements along demand and supply curves‚ and shifts of demand and supply curves; 4. Understand the effect of price ceilings and price floors; 5. Understand
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Price War between Airasia and Malaysia Airlines The purpose of the analysis is to evaluate the supply and demand of two main air line operators in Malaysia‚ which is Airasia and Malaysia Airlines by determines the price and quantity and change in the market of Airasia and Malaysia Airlines. Airasia is a leading airline company in providing low cost airline services while Malaysia Airlines is more towards providing high quality airline services. In the past time‚ the demand of Malaysia Airlines is
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