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Richardson: Most of our savings are in banks since we were planning on establishing a new branch out of town and now the value is reducing as the money loses value, we are afraid we might not recover unless prices stabilize.
Most of our investors have also withdrawn their interest in investing with us until the prices stabilize since there are uncertainties and increased risk incidents, and this is also negatively affecting my business. Banks have also been increasing their interest rate that is reducing our ability to borrow in order to fund our
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If the quantity demanded of a certain product changes minimally or does not change at all, then that product is said to be a Price Inelastic Good. Consequently, if a product whose price increased and such a change brought forth an abrupt drop in quantity demanded of the same product, the good is said to be Price Elastic.
ECONOMICS ESSAY CHAPTER 3 1. (a) The price of coffee in Cote d’Ivoire. 1/30*5000=166.6667 CFA francs per Pound. (b) The relative price of coffee in Cote d’Ivoire versus Vietnam Relative prices. Cote d’Ivoire/ Vietnam 160/5000=0.032 Vietnam/Cote d’Ivoire 5000/160=31.25 Coffee traders will buy prefer buying coffee in Cote d’Ivoire due to the low relative price and sell in Vietnam due to the high relative price.
The price for a certain route at a certain date and point in time can be very different from the ticket price set at another time. Having the same flight and class section of the plane also do not ensure that passengers have the same cost of airfare. A study was
For example: a company that has a total number of 50 employees was able to produce as much as 100 bags/week from its usual production of 80 bags/week is said to have successfully reach economies of scale.
Another way of looking at economies of
China is now the largest recipient of foreign direct investment (FDI) in the developing world. According to Wang et al., (2002), recent years have witnessed the emergence of China as one of the most important destinations for foreign direct investment
Thus, the law seeks to protect free and honest trade, maintaining a high quality service from business people and satisfied consumers. These needs initiated the birth of the antitrust policy which will be discussed in part as
sought to apply a broader theoretical and conceptual tradition of economic thought by placing emphasis on neo-classical synthesis – a combination of neo-classical economics and Keynesian economics.
Conservative economics is based on Milton Friedman’s teachings and
According to the theory of Efficient Market Hypothesis, stocks are always traded on fair market value in the stock exchange market and so it makes it almost impossible to either sell their stocks for overstated prices or buy stocks at undervalued prices. As such, it
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