Banana (Musa spp.) is one of the most produced and widely consumed by worldwide market; and was originally descendent from hot and tropical region in South East Asia. For over 200 species were discovered which contributes to various cultivar with different types of characteristics and appearances tagged along the traits (Salunke‚ 1984). Banana came from family Musaceae genus and scientifically named as Musa paradisiacal L. In Malaysia‚ the diversity of banana can be proofed by the cultivars of diploid
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What is the Philips Curve? Explain why critics believe the relationship no longer holds. Different macroeconomic policies can be implemented in order to achieve government’s main objectives of full employment and stable economy through low inflation. Philips Curve can be use as a tool to explain the trade-off between these two objectives. This essay will first explain the Philips Curve and its relation to inflation and unemployment. Then‚ the breakdown of Philips Curve will be analysed
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days B. work fewer hours than they will on slower days C. work more hours than they will on slower days D. not work any hours 12) A firm’s demand for labor is derived from the A. opportunity costs associated with labor and leisure B. desires and needs of the entrepreneur C. cost of labor inputs D. demand for its output 13) Owen runs a delivery business and currently employs three drivers. He owns three vans that employees use to make deliveries‚ but
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The Demand for Resources Multiple Choice Questions Derived dema1 1. Resource pricing is important because: A) resource prices are a major determinant of money incomes. B) resource prices allocate scarce resources among alternative uses. C) resource prices‚ along with resource productivity‚ are important to firms in minimizing their costs. D) of all of the above reasons. Answer: D 2. Which of the following statements best illustrates the concept of derived demand? A)
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FACTORS AFFECTING DEMAND & SUPPLY OF PETRLO CARS VS OTHER FUEL CARS In India there are basically four types of fuel cars :- 1. Petrol cars 2. Diesel cars 3. LPG cars 4. CNG cars Except these Electric cars are also going to be launched in India. FACTORS AFFECTING DEMAND :- 1) PRICE OF CAR: Demand of a particular commodity is firstly affected by price. It can be seen in the case of cars also. Petrol cars are cheapest among all other fuel cars available
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Factors Affecting Demand According to the law of demand when the price of a commodity increases the demand will decrease and vice versa. It states that price is the main factor that affects the demand for any product‚ though there are lots of many other factors. These other factors directly/ indirectly affect the demand. If these factor changes‚ demand also changes. This means these factors determine demand for a commodity on the following grounds. • Price of the Commodity: The quantity demanded
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University of Phoenix Material Supply and Demand Curves Answer the following questions Write the definition for each of the following: 1. Law of Demand The law of demand states that quantity demanded rises as price falls and other things stay constant. The quantitly of a good demanded is inversely related lto the good’s price. (Colander‚ 2013‚ Chapter 4). For example‚ as the price of a good increase the demand for that good will decrease. The law of demand also relates to a decrease in the price
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Discuss the factors causing a shift in the demand and supply of a specific commodity. In economics‚ Demand refers to the quantity of a goods or services that consumers are willing and able to buy at a given price in a given time period. The law of demand stipulates that there is an inverse relationship between the price of a good and the quantity demanded‚ that is to say‚ if the price of‚ say‚ good X rises‚ it will decrease the quantity demanded of good X and the price of the good falls‚ this
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Meanwhile‚ there are only two factors that stimulate the same effect on the LM curve: alterations in money supply and autonomous shifts in money demand (Revier‚ 2000). A rise in money supply creates an excess of money on the initial LM curve‚ thus shifts the LM to the right as observed in Figure 1.3 (Revier‚ 2000). The occurrence of excess demand may be eliminated by rising the interest rate‚ causing the level of money demanded to fall until is meets the quantity of money supplied again (Revier‚
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* Demand: demand is the quantity of a product or service that is wanted by the buyers. The quantity demanded resembles the amount of the product that people are willing to purchase are at a stated price. The relationship between demand and price can be shown through the law of demand. Law of demand: The law of demand states that customers are likely to purchase more of the good when the price is low and less of it when the price is high. In other words‚ price and quantity demanded move in opposite
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