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econ assignment代写范文

时间:2017-05-10 23:16来源:EssayPhD团队 作者:admin 点击:

在现在市场环境下,一般的人都认为短期需求往往比长期需求弹性更大,可事实真的是这样的吗?essayphd这篇econ assignment代写范文给出了完整的解答。通过严谨的回归分析模型,以及学术文献做支撑,essayphd给出了不一样的说法。

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In most markets, demand is more elastic in the long-run than it is in the short-run.

Elasticity of demand is determined by the availability of substitutes and the time period being considered. In the short-run because it takes a considerable amount of time to develop competing substitutes, the demand will be inelastic (huge changes in price will lead to small changes in quantity demanded, since consumers have no other products to purchase). But as the duration increases, more substitutes will be available meaning if there is a huge percentage change in price, consumers will move to other products that may be cheaper resulting in a large decrease/increase in quantity demanded giving an elasticity greater than 1.

econ assignment代写

Provided that the elasticity of supply is neither 0 nor infinity, the burden of a per-unit sales tax falls more heavily on consumers if demand is inelastic than if demand is elastic.

Whenever a sales tax is placed onto goods, it adds to the price of the product which means there will be a shift in the supply curve. We can use two graphs illustrating inelastic demand and elastic demand to show what effect the tax has on price for consumers.

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