0
Suppose the price of pepsi falls dramatically. How will this affect the market for coke (Microeconomics)?
Add your answer:
Earn +20 pts
What are the examples of microeconomics?
Market failure and Market structure.
With what indicators is microeconomics concerned?
Microeconomics looks at the individual components of the economy, such as costs of production, maximizing profits, and the different market structures
What is importance of microeconomics?
The importance of microeconomics is to understand the working of the free market economy. It shows how the prices of the products and the factors of production are determined. It shows how the goods and services produced are distributed among the various people for consumption through market mechanism.
What are examples of microeconomics?
Market failure and Market structure.
Scope of microeconomics?
Microeconomics considered how individual prices are set, studied the determination of prices of factors and inquired into the strength and weakness of the market systems.deals with functioning of individual markets and industries and the behaviour of individual decision making units : households and the firm.
What are the example of microeconomics?
Market failure and Market structure.
What are the examples of microeconomics?
Market failure and Market structure.
What are the 2 examples of microeconomics?
Market failure and Market structure.
With what indicators is microeconomics concerned?
Microeconomics looks at the individual components of the economy, such as costs of production, maximizing profits, and the different market structures
What is importance of microeconomics?
The importance of microeconomics is to understand the working of the free market economy. It shows how the prices of the products and the factors of production are determined. It shows how the goods and services produced are distributed among the various people for consumption through market mechanism.
What are examples of microeconomics?
Market failure and Market structure.
What is microeconomics's?
Microeconomics is the study of a section of the economy rather than the economy as a whole (which is macroeconomics). Microeconomics is more concerned with the allocation of scarce resources and the elasticity (sensitivity) of consumers and producers at the level of households and firms. In other, more simple words, it is the laws of supply and demand. The study of individual firms and individual households in a market.
What has the author A Schotter written?
A. Schotter has written: 'Free market economics' 'Microeconomics' -- subject(s): Microeconomics 'The cost of the tort system' -- subject(s): Costs, Finance, Courts, Torts, Adjustment of claims, Court administration, Insurance
Scope of microeconomics?
Microeconomics considered how individual prices are set, studied the determination of prices of factors and inquired into the strength and weakness of the market systems.deals with functioning of individual markets and industries and the behaviour of individual decision making units : households and the firm.
Whose fortunes were dramatically changed on black Tuesday?
Stock Market Investors.
Whose fortunes were most dramatically changed on black Tuesday?
Stock Market Investors.
What happened to the economy as a result of the stock market crash?
The money from the government had dramatically decreased
