a 20% decrease in the price of long-distance phone calls leads to a 35% increase in the quantity of calls demanded‚ you may conclude that the demand for phone calls is a. elastic b. inelastic c. unit elastic d. stretchy elastic 2. Which of the following pairs are examples of substitutes? a. Popcorn and soda b. Automobiles and bicycles c. Boats and fishing tackle d. Wine and cheese 3. If a price in a competitive market is “too high to clear the market‚” what does this usually mean
Premium Supply and demand
Determinants of Health: Determinants of Health Dr.N.Bayapa Reddy MD Asst.Professor Dept.of Community Medicine Chennai Medical College Hospital & Research Centre Spectrum of Health : Spectrum of Health POSITIVE HEALTH BETTER HEALTH FREEDOM FROM SICKNESS UNRECOGNISED SICKNESS MILD SICKNESS SEVERE SICKNESS DEATH Determinants of Health : Determinants of Health Biological Behavioural and Socio-cultural Environmental Socio-economic Health services Aging of Population Gender Other factors
Premium Medicine Health Demography
dynamic environment‚ there are many variables that contribute to the success or otherwise of a company. Nonetheless‚ there are commonalities which can be drawn across successful businesses. Before delving into management theories and financial determinants‚ I would like to define viability as a company’s longevity‚ its perseverance through economic fluctuations and political shifts‚ and affluence as its ability to grow and prosper despite external restructuring whether in the markets‚ the industry
Premium Management Cash Economics
multiple issues with the human right of health such as the impact of determinants to health and how governments or health systems have responsibility to the populace. A person’s health depends on multiple factors that have considerable impacts on health status. People that reside in the same region or similar in age can have extremely different health status and this can be attributed to multiple health determinants. Determinants to health are physical‚ social‚ genetic‚ gender‚ age‚ access to health
Premium Health care Medicine Health economics
DIVIDEND POLICY DETERMINANTS: AN INVESTIGATION OF THE INFLUENCES OF STAKEHOLDER THEORY by Mark E. Holder‚ Frederick W. Langrehr‚ J. Lawrence Hexter There is considerable debate on how dividend policy affects firm value. Some researchers believe that dividends increase shareholder wealth (Gordon‚ 1959)‚ others believe that dividends are irrelevant (Miller and Scholes‚ 1978)‚ and still others believe that dividends decrease shareholder wealth (Litzenberger and Ramaswamy‚ 1979). Financial management
Premium Corporate finance
quart. If the government institutes a price floor of $1 per quart of strawberries‚ the result will be a surplus of strawberries. a. The preceding statement is TRUE. b. The preceding statement is FALSE. 2. A price ceiling will lead to deadweight loss as a result of overproduction of the good at the higher ceiling price. a. The preceding statement is TRUE. b. The preceding statement is FALSE. Use the figure below to answer questions 3-4. 3. If the price is P3‚ then producer surplus is given
Premium Supply and demand
Florence Nightingale‚a revolutionary nurse in the 19th Century‚ suggested that there was a correlation between an individuals health and the environment they live in. (Weebly 2012). In this essay the neighbourhood of Lochee will be discussed and the determinants of health in this area. Description of the Neighbourhood Lochee is an area in the West of Dundee‚ Scotland. The name ‘Lochee’ means the ‘eye of the loch’ because of the location of the town situated on the banks of Loch Balgay. The
Premium Personal life Medicine Health
BUOYANCY AND ELASTICITY: DETERMINANTS OF LOCAL TAX SYSTEM ’S PERFORMANCE By: Julhusin B. Jalisan Civil servants and priests‚ soldiers and ballet-dancers‚ schoolmasters and police constables‚ Greek museums and Gothic steeples‚ civil list and services listthe common seed within which all these fabulous beings slumber in embryo is taxation. Karl Marx Every citizen‚ whether young or old‚ wealthy or poor‚ property owners or property-less‚ pays taxes to help finance governmental functions
Premium Taxation Progressive tax Regressive tax
express demand for a product when you are willing and able to purchase it learn about the factors that cause changes in demand What is demand? - combination of desire‚ ability‚ and willingness to buy a product Main Idea: Demand is a concept specifying the different quantities of an item that will be bought at different prices. the concept of demand is easy to understand because it involves only two variables—the price and quantity of a specific product at a given point in time. Demand Schedule-
Premium Supply and demand
The demand curve for product X is given by QXd = 500 - 5PX. a. Find the inverse demand curve. PX = 100 - 0.2 QXd Instructions: Round your answer to the nearest penny (2 decimal places). b. How much consumer surplus do consumers receive when Px = $45? $91.00 c. How much consumer surplus do consumers receive when Px = $25? $95.00 d. In general‚ what happens to the level of consumer surplus as the price of a good falls? The level of consumer surplus increases as the price of a good
Premium Supply and demand