THE DEMAND SIDE OR CONSUMER BEHAVIOR Islamic perspective by MONZER KAHF CONTENTS INTRODUCTION 1 SECTION ONE: EXOGENOUS AND ENDOGENOUS FACTORS IN CONSUMER BEHAVIOUR 3 Exogenous Factors: 3 I. Effect of wealth and income II. Effect of technology 6 III. Effect of biological and material surroundings 7 Effect of the amount‚ nature and cost of information 8 IV. 4 V. Effect of tastes and desires 8 VI. Effect of beliefs‚ religion‚ culture and legal and political framework 9 Endigenous
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Question I. Fiscal Policy and the Crowding Out Effect. (a) What is the essence of the accounting identity (the so called saving investment identity) that the two distinguished professors refer to? Saving investment identity is a concept in National Income accounting that states that the amount saved (S) in an economy is equal to the amount invested (I). It is an equilibrium expressed in terms of supply (S)‚ and demand (I)‚ for lending (loan-able funds). Sp (Private
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Discuss how demand side policies and supply side policies may be used to increase short and long term economic growth. Demand side policies are policies that are made by the govt in order to stimulate any or all of the components of aggregate demand. This refers to the deliberate changes in govt expenditure and income so as to achieve desired economic objectives such as economic growth and the reduction of unemployment. Also‚ supply side policies are policies that the government imply as to increase
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Topic 5 – Demand‚ Supply and government policy (Week five Oct 6th – Oct 13th) Outline: 1. Price Ceiling: -- General Analysis; -- Example: Rent Control; 2. Price Floor: -- General Analysis; -- Example: minimum wage law; 3. The Incidence of Sales Tax -- Key Results; -- Numerical Examples: a)Tax levied on sellers; b)Tax levied on buyers; -- Elasticities of demand and supply; Price Ceiling A legal maximum on the price at which a good can be sold 1) General Analysis Price 12 PE 8 Shortage 16 QE
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Side By Side: The Digital Revolution With the fast progression of technology in the 21st century‚ cinema has transformed digitally‚ leaving film in our history. Keanu Reeves and Christopher Kenneally combine their experiences‚ knowledge‚ and passion of cinema to create the documentary‚ Side by Side. Countless respectable film industry moguls are interviewed throughout the documentary showcasing their mastery of the art and expressing their opinions on it’s revolution. Side by Side explores the
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SUPPLY‚ DEMAND AND GOVERNMENT POLICIES When analyzing government policies‚ supply and demand are the first and most useful tools of analysis. Price controls such as‚ price ceiling‚ price floor and tax incidence mentioned in this chapter show how price controls affect economy. Price ceiling is a legal maximum on the price at which a good can be sold and price floor is a legal minimum on the price at which a good can be sold. Evaluating
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determinants of demand or supply are affected. Also indicate whether supply or demand increases or decreases. Then draw a diagram to show the effect on the price and quantity of eggs. A. The price of grain that is fed to hens falls. B. The price of bacon falls. C. A new study is released that indicates that eating eggs is hazardous to one’s health. D. The number of egg-producing farms falls. E. This weekend is the Easter holiday. 1. a. If the price of grain used to feed hens falls‚ the supply of eggs
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The Last Taboo What unites the Vatican‚ lefties‚ conservatives‚ environmentalists‚ and scientists in a conspiracy of silence? It’s midnight on the streets of Calcutta. Old women cook over open fires on the sidewalks. Men wait in line at municipal hand pumps to lather skin‚ hair‚ and lungis (skirts)‚ bathing without undressing. Girls sit in the open beds of bicycle-powered trucks‚ braiding their hair. The monsoon’s not yet over‚ and grandfathers under umbrellas squat on their
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population and an ever-increasing demand for health services‚ there is a growing recognition and a fragmented and specialty-centric model of health care provision would do little to improve the cost‚ quality and access of health services‚ especially for the elderly in Singapore. - Singhealth‚ Healthcare Roundtable VI‚ 1 Feb 2008 Discuss the economic reasons to support your arguments‚ whether the Singapore government currently adopts the most appropriate economic policies in the provision of healthcare
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and hills‚ then the new ride Star Wars: Light Side vs Dark Side is for you. These dueling roller coasters are in a race to the finish‚ with identical tracks‚ and a random outcome every time. During the ride‚ you experience things such as hills‚ loops‚ twists‚ turns‚ as well as a corkscrew around the Death Star and R2D2. When entering the ride‚ you will have the choice to enter one of two lines. One line will take you to the platform of the light side. On your way to the loading area‚ you will
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