[pic] BUSINESS ECONOMICS FINAL REPORT ON ELASTICITY OF DEMAND OF PETROL AND CNG SUBMITTED TO: SIR FAISAL SULTAN QADRI PREPARED BY: Syeda Tabinda Naz Anum Zehra Madiha Khan ACKNOWLEDGEMENT We owe our profound thanks and deepest gratitude to ALMIGHTY ALLAH‚ most merciful‚ who blessed us with determination‚ strength‚ ability and divine help to complete this report. This Report is on ELASTICITY OF DEMNAD OF PETROL. This report is a part of our course titled as Business economics
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artificial sweeteners vs. Regular sugar differs drastically. As you enter aisle 5 in the super market‚ you may notice that there is regular coke and diet coke. When reading the nutrition labels‚ diet coke contains 0 grams of sugar and 0 calories. The idea of a coke that tastes exactly like the regular version being sugar free and calorie free‚ the offer just seems too good to pass. But what most people don’t know is that the products that are claimed to be sugar free actually contain artificial
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Sugar replacers Definition: Sugar replacers are a food additive that duplicates the effect of sugar in taste‚ usually with less food energy‚ commonly used on a one-for-one replacement basis for sugar in recipes. Issues: The replacement of high energy sugar with sugar replacers limits food energy intake so as to allow us to eat our usual food‚ at the same time control a desirable weight and prevent tooth decay. However‚ extensive consumption may lead to side effects. Example: Xylitol‚ Date‚ Sugar
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Price elasticity of demand measures the degree of responsiveness of quantity demanded of a good X to a given change to a price of itself‚ ceteris paribus. Price elasticity of demand is calculated by dividing the proportionate change in quantity demanded by the proportionate change in price. When PED is greater than one (PED > 1) demand is said to be elastic When PED is between zero to one (0 > PED > 1) demand in said to be inelastic When PED is equal to one (PED > 1) demand is said to be unit-elastic
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Explain what is meant by the terms price elasticity‚ income elasticity and cross elasticity of demand and discuss the main determinants of each of these. Discuss the importance of each of these to the decision making process within a typical business. Elasticity is the responsiveness to which one variable responds to a change in another variable Price elasticity of demand (PED) measures the responsiveness of quantity demanded of a product to a change in its price. If a relatively small change in
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the ____________________. A. cross elasticity of demand is negative B. income elasticity of demand is negative C. cross elasticity of demand is positive D. income elasticity of demand is positive 3. If a 5% decrease in the price of AAA brings about a 3% increase in the sales of BBB‚ then _______________________. A. the cross elasticity of demand between AAA and BBB is positive B. AAA and BBB are complementary goods C. the price elasticity of demand for both AAA and BBB is inelastic
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How Sugar Impacted the World In the dispute of sugar‚ one debatable issue has been whether sugar is beneficial or harmful to the world. People who believe sugar is harmful argue that it is one cause of diabetes. On the other hand‚ those who believe that sugar is beneficial claim that sugar taste good and it is in every food so it cannot be avoided. Sugar has not had a positive impact on the world because it causes obesity‚ diabetes‚ and sugar also helped promote slavery in the past. What is your
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Income Elasticity of Demand Income Elasticity of Demand is a measure of responsiveness of demand to the changes in income and it involves demand curve shifts. It provides information on the direction of change of demand‚ given a change in income and the size of the change. Formula for YED: Percentage change in quantity demanded = %ΔQ Percentage change in income %ΔY Normal goods have a positive value of YED‚ while Inferior goods have a negative value of YED as shown
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When reading “The Toxic Truth about Sugar” the reader may believe it is just another essay telling Americans they are all obese and will die at an early age if they don’t start eating healthier. However‚ it brought up some different points the reader may not be aware of. The authors brought up some valid points to support their argument. The title was creative because many people do not believe sugar is toxic to their body. In the world today people love sugar and it is all around. Many foods people
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The production of reducing sugars by acid of carbohydrate cereals powder‚ jams (total sugar content) and jams (reducing sugar content) were performed in order to study reducing sugar production. The study involved hydrolysis carbohydrate cereals powder and jams by immersing in boiling water at environmental temperature. Acid hydrolysis was carried out through reflux boiling for 20 minutes with 10ml 0f 1.5M concentrations of diluted sulphuric acid. Reducing sugars concentrations were determined
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