laskan jawapan anda. By using an appropriate graph, show the relationship between Engle Curve and types of goods to be purchased? Explain your answer. www.
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- Using graph, explain when consumer is in equilibrium? Draw the graph ( curves )Briefly outline and explain some of factors that depend on line amount of a commodity a consumer os prepared to buyThe relationship between a consumer's monthly income and monthly consumption of four products, A-D, is shown in the following table. Income $ 5,000 6,000 A 70 64 Quantity Consumed B 35 42 C 10 16 D 20 12 Which product(s) listed is(are) an example of an normal good?
- Show and explain the effects in kind payments and cash payments on individual’s utility by using a graphWith this graph given, What are the implications of this to both the sellers and the consumers?(a) Draw a graph showing price ceiling on face masks to protect consumers from high prices that are being charged. (b) Draw a graph showing an increase in demand for face masks to protect person from coronavirus in the USA.
- Relationship Between the Consumer Demand Curve and Marginal Utility Discuss the impacts of marginal utility. Imagine that you are a seller of sunglasses: How can you increase the consumer demand curve by helping increase the marginal utility for consumers? Detail specific steps to take and provide examples.Cocept of equilibrium What do you understand by equilibriumIf we have money, we buy goods and services to satisfy our needs. In economics, thesatisfaction that we get from the consumption of goods and services is called utility. Usea utility graph to explain what happen to the utility when you keep on increasing thenumber of units consumed. Also explain what happens to the utility when you keep onincreasing the number of units consumed. Also explain what happens to the additionalutility (i.e. additional satisfaction) when you increase your consumption by one unit
- What is meant by the the term rational consumer. Please explainWhen Sakib's income increased from taka 45,000 per month to taka 52,000 per month, he increased his demand for Uber moto rides by 25% and decreased his demand for rickshaws by 17%. What type of goods are Uber moto rides and rickshaw rides to Sakib? and find YED?impacts of marginal utility. Imagine that you are a seller of phones: How can you increase the consumer demand curve by helping increase the marginal utility for consumers? Detail specific steps to take and provide examples.