A. Name of the Enterprise – LAUNDRY WORKS B. Location – Zone 2 Blk. 3 Centro Fatima Uhaw‚ General Santos City The area measures 14x22 ft. (26 sq. meters). The rate of renting of the place is P 4‚000.00 since it is located along the main road. C. Description of the Business -is intended primarily for students renting boarding house and apartments. Secondly the residents of Centro Fatima Uhaw‚ General Santos City. -LAUNDRY WORKS significantly acts a helper for
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Supply and Demand XECO/ 212 University of Phoenix Your Name 09/27/2012 There are many factors that should be considered before buying a new car; this decision should be based on in-depth consumer research prior to stepping foot onto a dealership lot. In today’s vehicle market you can expect to see varying interest rates‚ varied vehicle supply and depending on the economy‚ dealership promotions and gimmicks which all play a role in the decision making process for a new vehicle purchase. The
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first responders‚ then the neighboring counties helps with the situation by providing extra responders and supplies. When the situation continues to flamed‚ then the state becomes involved and administered as much supplies and aide to the people. Federal government becomes involved when the state cannot handle the situation and needs extra help. Neigboring countries also become involve and supply with aid. A Capitalistic system would be the best solution to handling a crisis of epic proportion. In
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Assignment: Principles of Economics Question : Suppose the price elasticity of demand for text books is two and the price of the text book is increased by 10%. By how much does the quantity demand fall? Inter the result and discuss reasons for the fall in quantity demand? Answer : % change in Quantity Price Elasticity of Demand = %change in price = 2 Percentage increase in price = 10%‚ Percentage decrease in quantity = 2 x 10
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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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Which is not characteristic of a product with relatively inelastic demand? A) The good is regarded by consumers as a necessity. B) There are a large number of good substitutes for the good. C) Buyers spend a small percentage of their total income on the product. D) Consumers have had only a short time period to adjust to changes in price. Answer: B 2. The demand for Cheerios cereal is more price-elastic than the demand for cereals as a whole. This is best explained by the fact that:
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HOMEWORK ONE 1. What is the numerical value for the elasticity of demand if a price change causes no change in quantity demanded? . What is the numerical value for elasticity of demand if a price change causes no change in total revenue? . What is the elasticity of demand for a vertical demand curve? . What is the elasticity of demand for a horizontal demand curve? . What is the elasticity of demand if a price increase leads to an increase in total revenue?
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*Application of Demand and Supply: Government and Price Control (in-case kailangan) Price Control – Refers to the fixing of prices by the government. By doing so‚ it creates shortage or surplus. Price Ceiling – A maximum price at which a good can be sold. Price Floor – Minimum price buyers are required to pay for a good. Elasticity The price elasticity of demand is computed as the percentage change in quantity demanded divided by the percentage change in price. That is‚ Price elasticity of demand=ED=
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Supply and Demand Simulation University of Phoenix May 9‚ 2013 ECO/365 - Principles of Microeconomics The Supply and Demand Simulation consist of microeconomics and macroeconomics concepts. The concepts are explained and how they apply to the principle of microeconomics and macroeconomics. The simulations presents shifts in the supply and demand curve‚ the rationale for the shift is given. Each shift is analyzed showing the effects of the equilibrium price‚ quantity‚ and decision making
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1. Discuss the nature of the market structure and the demand for Cisco’s products. The nature of the market structure and demand of Cisco Systems is its business market which contains fewer bvut larger companies. For Cisco Systems‚ this implies that even though they have fewer clients than other companies‚ they still have a good and profitable relationship with their clients. For the customers of Cisco Systems‚ this implies that they will receive better and faster service and products
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