Created by TheMaker
over 9 years ago
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What factor affects the demand of a good ?
What are the factors affecting the supply of a good ?
What is curve shifting ?
General principle of demand and supply applies for what type of market ?
What do a farmer demand and supply at the same time as input
Where do the price change in the market affects ?
What is the relevancy of understanding market behaviour in smallholders case ?
What is the purpose of understanding elasticities ?
What is Engel’s law ?
What is Bennett’s law ?
Classify goods according to their income elasticity
What is own-price elasticity of demand ?
What is own-price supply elasticity ?
What is cross price elasticity of Demand ?
What are substitutes and complements ?
What will happen if price raise in one of the substitute good ?
What will happen if price raise in complement good ?
Why in case of luxury goods income elasticities are greater than one ?
What will happen in case of necessary good when income changes ?
What is the importance of understanding demand elasticities ?
How agriculture research budget affect the nutrition status of the HH ?
What is the most common welfare measure to evaluate policies?
What is producer and consumer surplus ?
What helps to quantify the consumers and producers surplus ?
What is closed and open economy ?
what are non-tradable goods ?
What is small open economy ?
What is large open economy ?
What factors affects a country to successfully participate in trade ?