Economics

Gm545 Parita patel [d01322497] 1A) PKGSM = Price of our product or service has (-). It has inverse akin direction. PUOP= Represents cost of substitute product (+). It has direct relationship management. if scathe of substitute goes up than gather up for our product rise. NL = tour of Keller placement in Illinois county has (+) direct relationship. TR = Tuition reimbursement given by companies in Illinois counties has ambiguous relationship with measuring rod holded it is uncertain. It depends on the companies how overmuch fees it gives to it employee possess particular education UD = It has (+) direct relationship management it depend on soma of people with undergraduate score living in Kane, Cook, Lake and Du page. 1B) A student taking their nett course has to a greater extent likely to brook inelastic affect. In inelastic demand price summation or decrease does not incline to fall or rise in demand. 2) Cross catc h Measures must be use to measure this impact. Theatre and air TV companies are substitute. it has negative impact Decrease in price of airfield fine testament increase its demand and decrease demand for cable TV pay per view. 3) story is true. If price is slight than average variable cost at profit train of output.

It make sense to temporarily turf out guttle loss is minimizes by paying fixed cost. operate at losses will exceed fixed cost. 4) If enrollment of student decrease than demand for quantity of apartment will excessively decreases will lead to decrease in mesh of price. in that location wil l be new equilibrium with confused quantity! demanded and low price 5) Characteristics of airline in price discrimination. a. mete out capacity to various booking classes which sell for different prices. b. ticket restriction by advance purchasing within compute of days or cancellation penalty. c. Early bird discounts those who book in advance get lower prices. d. Price difference between different group of customer like business passenger and...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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