The earthquake will shift the demand from Christchurch to Auckland thus increasing the demand for houses in Auckland. The presence of earthquake occurrences will affect demand even if the supply rises…
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(b) Expenditure is a product of price and quantity. It possible for total expenditure on houses overall in Auckland to rise compared with expenditure on the earthquake reconstruction. This is because the demand (quantity) of houses sold will increase considerably as supply also is boosted. The reconstruction will reduce this increase since some people will be forced to go back to Christchurch due to work or other issues. The argument is based on principle of elasticity of supply and demand. The increase in demand and supply of houses in Auckland is the degree of responsiveness in relation to changes in price.
I am the only T-shirts seller (supply low), revenue demand high and the potential customer identify am the only one with the T-shirt (demand high). According to the price elasticity of demand, the price is charged based on the change in quantity demand divided the percentage of change in the price demanded. Therefore, in this scenario the price will be relatively high due to high demand, low supply and profit margin requirements. The superior the price elasticity, the nearer a trader should price their products to competitive products and likewise. From the concept of price elasticity, having a pricing objective is not sufficient. There are other myriad factors considered prior to setting its prices, the customer may buy once and never come back. These factors comprise the demand, the offering’s costs, and the customers target needs. In addition, other factors such as the external environment including competition, the economy, and regulations. Other perspectives of the marketing mix include the nature of the offering, its promotion and distribution. Price elasticity makes individual sensitivity to price alterations, interferes with the demand for the good. The decision to come up with the price is based on how consumer will respond to prices suggestions.
i) In this consumption today and consumption in the future
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If an automotive workshop ensures that these core areas are operating well, then the business is more than likely going to be a success. These core areas are components of the business that the consumer rarely sees or thinks about. The client just sees the result of a well ran business, which is what the automotive repair shop is striving for.
1) A single-price monopolist's demand curve A) Is the same as the market demand curve? B) Is its marginal revenue curve. C) Shows that demand for the good is perfectly inelastic. D) is horizontal. E) Shows that demand for the good is perfectly elastic. 2) Expenditures on advertising A) Are variable costs so do not affect the average total cost.
The bulk exports of Fonterra are exported from New Zealand to 140 countries in the world. Total collection of milk in the milk tankers of Fonterra Ltd. is around 14 billion liters. The company’s total assets employed is NZ$15.5 billion while the annual turnover of the company as of 31st July 2011 is NZ$19.9 billion.
The procedure ensures constant engagement with the stakeholders like investors, analysts, regulators, business leaders, accounting standard-setters and the professional accountants and auditors at national and international levels
Many studies have shown great influences of the macro economic conditions on the property market development in UK. In this essay, the problems faced by the housing market in UK are examined and evaluated. These are discussed with the help of specific examples.
A technique which permits a number of members of the hiring company to take an interview at one same time is known as the panel interview. This type of interview consists of an interviewee and an interview committee. The members of the team in conducting the interview include a hiring manage, department heads, line managers, HR personnel, stakeholder representatives etc.
The elaboration had been done on the way the data is collected and the sources from where it was obtained. Apart from this, the survey related to the data collection is laid down in the methodology section. The water restriction, metering and charges levied on the territorial population have been a major subject in the methodology section.
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