Contrast the price elasticities of demand and supply for primary commodities with those of manufactured goods.
Question:
Contrast the price elasticities of demand and supply for primary commodities with those of manufactured goods.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Price elasticities of demand and supply tend to differ between primary commodities and manufactured ...View the full answer
Answered By
Muhammad Salman Alvi
Well, I am a student of Electrical Engineeing from Information Technology University of Punjab. Just getting into my final year. I have always been good at doing Mathematics, Physics, hardware and technical subjects. Teaching profession requires a alot of responsibilities and challenges.
My teaching experience started as an home tutor a year ago. When I started teaching mathematics and physic subjects to an O Level student. He was about 14 years old. His name was Ibrahim and I used to teach him for about 2 hours daily. Teaching him required a lot of patience but I had to be polite with him. I used to give him a 5 min break after 1 hour session. He was quite weak in basic maths and calculation. He used to do quite a lot of mistakes in his homework which I gave him weekly. So I decided to teach him basics from scratch. He used to say that he got the concept even if he didn't. So I had to ask him again and again. I worked on his basics for a month and after that I started taking a weekly test sesions. After few months he started to improve gradually. Now after teaching him for about a year I can proudly say that he has improved alot. The most important thing was he managed to communicate all the difficullties he was facing. He was quite capable and patient. I had a sincere desire to help him reach to its full potential. So I managed to do that. We had a very good honest relationship of a student and a teacher. I loved teaching him as a tutor. Now having an experience of one year teaching I can read students quite well. I look forward to work as an online tutor who could help students in solving their all sort of difficulties, problems and queries.
4.90+
29+ Reviews
43+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
To begin with, lets disregard the COVID-19 pandemic and its aftermath on the global economy. Prior to the pandemic, the majority of global economic disruptions over the past decades have been caused...
-
In our discussion of economic versus statutory incidence, the text has focused primarily on the incidence of taxes. This exercise explores analogous issues related to the incidence of benefits from...
-
iScream Ice Cream Co. iScream is a Chicago start-up that sells ice cream in several mobile ice cream trucks. The main innovative feature of their business is the implementation of a smart phone app...
-
What are fintech risks?
-
Determine the running time of mergesort for a. Sorted input b. Reverse-ordered input c. Random input
-
Find the slope of each line. y = 3x - 2
-
What types of policies should organizations implement when using social media tools for recruitment?
-
1. Cash inflows from operating activities come from a. Payment for raw materials. b. Collection of sales revenues. c. Gains on the sale of operating equipment. d. Issuing capital stock. e. Issuing...
-
Due to erratic sales of its sole producta high-capacity battery for laptop computers-PEM, Incorporated, has been experiencing financial difficulty for some time. The company's contribution format...
-
Explain why imperfect information contributes to the overconsumption of demerit goods.
-
Explain the likely value of price elasticity of supply for primary commodities.
-
Find the 12th term of the arithmetic sequence 2, 6, 10, ....
-
It now looks like we have too many lawyers. We've now "overshot in production"! At the higher salary of $200,000, more students are willing to become lawyers than before. More of them will enter law...
-
1. How are social learning and academic learning related? 2. How do schools support children's social development? 3-How are our families and society responding to today's significant gender-role...
-
Advertising, Public Relations, and Sales Promotions , a well-known rule of thumb in the advertising industry is "Sell the sizzle, not the steak." The goal is to sell the benefits, e.g. what the...
-
To enhance learning and to encourage fluency in current events, students are expected to read about current events in business and to contribute pertinent international news articles and summaries....
-
What are the numbers, percentages, and data specifics when it comes to domestic violence programs and domestic violence hotlines prior to COVID 19 and pre-pandemic in Hawaii? Please explain in huge...
-
Nina Corporation issued $8,000,000 in 6 percent, five-year bonds on March 1, 2010, at 92. The semiannual interest payment dates are September 1 and March 1. Prepare entries in journal form for the...
-
5. How much would you need to deposit in an account now in order to have $5,000 in the account in 5 years? Assume the account earns 2% interest compounded monthly. 10. You deposit $300 each month...
-
Explain the links between changes in the nations money supply, the interest rate, investment spending, aggregate demand, and real GDP (and the price level).
-
What do economists mean when they say that monetary policy can exhibit cyclical asymmetry? Why is this possibility significant to policymakers?
-
Suppose that a risk-free investment will make three future payments of $100 in one year, $100 in two years, and $100 in three years. If the Federal Reserve has set the risk-free interest rate at 8...
-
To finance the development of a new product, a company borrowed $28,000 at 3% compounded monthly. If the loan is to be repaid in equal semi-annually payments over ten years and the first payment is...
-
3. (10 points) Given the Weertman-Ashby map for silver, determine the dominant creep mechanism if the part will operate under a tensile stress of 100 MPa at a temperature of 715 C. (Tm=1235 K, E = 83...
-
3-31. Oil flows through the reducer such that particles along its centerline have a velocity of V = (4xt) in./s, where x is in inches and t is in seconds. Determine the acceleration of a particle at...
Study smarter with the SolutionInn App