Applied Economics-Using SAS - Assignment Example

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Micro economics as a branch of social science encrypts various theories, being that it is always covering the limited business scope in the satisfaction of human wants. There are many theories which have arisen as a result of various microeconomics situations in many accounts…

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Subject: Macro & Microeconomics
Type: Assignment
Level: Masters
Pages: 5 (1250 words)
Downloads: 2
Author: verdiejaskolski

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The theory of price mechanism is of significant role in the capital market as it determines the demand and supply in of various commodities. In this theory there are variables which help determine its applications. These variables are both independent and dependent. Just as the theory of supply there is a determinant of the supply which ranges depending on the demand. In planning for business based on this theory there is always seasons in which some products are in high demand than others. For example if we check the school products like books are in great demand during the time when students go to school, when we are planning for this case one needs to have these goods on store to prepare for the demand anticipated.

The variables such as number of students in need of books and the quantity of books available, with this the books demand is dependent on the population of

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