Inelastic Study guides, Class notes & Summaries

Commercial real estate assets have a number of attributes that make them unique relative to other types of investments. These attributes include the following: (x10) correct answers 1. They involve land 2.Transaction time frames are long 3. Transaction costs are high 4. they are expensive 5. They are long lasting 6. Highly regulated 7. have a long production cycle 8. are management intensive 9. are heterogeneous 10. Involve measuring return on investment 1. Long-lasting, Durable ...

normative statement an opinion that cannot be confirmed by referencing facts positive statement a statement that can be proved by referencing facts why are economic models used? theories cannot be tested in a controlled environment the basic economic problem scarcity - consumer wants are always greater than available resources opportunity cost the next best alternative foregone factors of production resources used by a firm in production list and define the factors of production lab...

BUS-M300 Final Exam Questions And Correct Answers When is Price Promotion effective? When the customer is sensitive to price. Inelastic % change in demand is LESS THAN % change in price. Elastic % change in demand is GREATER THAN % change in price. -Price increases, revenue decreases -Price decreases, revenue increases Promotional Pricing Price below list or cost for short run sales (discounts and rebates). Everyday Low Pricing Strategy For price sensitive. Customary Pricing Tra...

Question 1 10 / 10 points The branch of economics that examines the impact of choices on aggregates in the economy is: Question options: positive economics. normative economics. macroeconomics. microeconomics. Question 2 10 / 10 points When we are forced to make choices we are facing the concept of: Question options: ceteris paribus. free goods. scarcity. the margin. Question 3 10 / 10 points An economic system is the set of rules that define _______ and _______ . Question op...

Question 1 Correct Mark 1.00 out of 1.00 Flag question Question text Deficits cause governments to: Select one: a. issue bonds b. issue bonds with 10-year maturity c. issue bonds with 2-year maturity Feedback The correct answer is: issue bonds Question 2 Incorrect Mark 0.00 out of 1.00 Flag question Question text Securities with a year or more to maturity trade in __________. Select one: a. Money markets b. Capital markets c. Derivatives market d. All of the above F...

Final Exams ECON 1580 Introduction to Economics Question 1 If the price of chocolate-covered peanuts increases and the demand for strawberry licorice twists increases, this indicates that these two goods are: a. unrelated goods. b. superior goods. c. inferior goods. d. substitute goods. Question 2 A decrease in the demand facing a monopoly firm would _______ quantity and _______ price. The demand is inelastic. a. increase; increase b. increase; decrease c. decrease; increase d. decrease; decreas...

Managerial Economics & Business Strategy Michael Baye 9th Edition- Test BankAssume that the price elasticity of demand is −2 for a certain firm’s product. If the firm raises price, the firm’s managers can expect total revenue to:A price elasticity of zero corresponds to a demand curve that is: A. horizontal. B. downward sloping with a slope always equal to 1. C.vertical. D. either vertical or horizontal.As we move down along a linear demand curve, the price elasticity of demand becomes...

Demand Curve Shift Upward (direct relationship-positive shift) - correct answer The price of subsitute goods, expectations of price changes, income for normal goods, and extent of market Demand Curve Shift Downward (inverse relationship-neg. shift) - correct answer The price of complement good, income for inferior goods, and consumer boycotts SWOT analysis - correct answer strengths, weaknesses, opportunities, threats Three common measures of price inflation: - correct answer 1....

A. - ANSWER-Which of the following is true if demand is inelastic? A. The price elasticity of demand will be less than 1 in absolute value. B. The percentage in price will be less than the percentage change in quantity demanded. C. There are many substitutes for the good in question. D. All of the above. D. - ANSWER-How do economists avoid confusion over units in the computation of elasticity? A. By using index numbers rather than whole numbers. B. By using aggregate...

RECA Commercial Unit2 Exam Questions and Answers 2024 Commercial real estate assets have a number of attributes that make them unique relative to other types of investments. These attributes include the following: (x10) -Answer-1. They involve land 2.Transaction time frames are long 3. Transaction costs are high 4. they are expensive 5. They are long lasting 6. Highly regulated 7. have a long production cycle 8. are management intensive 9. are heterogeneous 10. Involve measuring retur...