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Microeconomics
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Which term represents the ability and desire of consumer to pay for the product?
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The law of demand proves that:
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If supply and demand of product rise simultaneously, so it means that:
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If the market price exceeds the equilibrium price, so that it will cause:
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Substitute goods – are those pair of goods for which:
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The commodity seems to be the priority product if the coefficient of demand elasticity by income is:
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How can the shift of demand curve for product X be explained?
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If decrease of price by 5 % leads to decrease of the amount of supply by 8 % so this supply is:
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If the demand decreases so that it’s impact of such factors as:
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Demand for product seems to be elastic if:
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