ECO401 GDB solution
Tuesday, April 26, 2011 Posted In Eco Edit ThisConsider the markets of motor vehicles and fuel oil. If price of motor vehicles rises, what will happen to the demand of fuel oil? In which direction the demand curve for fuel oil will shift with a rise in price of motor vehicles?
Note: Your solution must be within 50-75 words.
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Solution:
Well the curve for fuel oil is leftward... $ If price of motor vehicles rises , It will bring fall in demand of fuel oil.
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because all the three items cannot be identify in single unit. and according to the definition of indirect material if a material cannot be identify its individual value/cost in single unit it should be indirect materialbecause all the three items cannot be identify in single unit. and according to the definition of indirect material if a material cannot be identify its individual value/cost in single unit it should be indirect material
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Demand for fuel oil will fall and the demand curve will shift LEFTWARDS, showing that decrease.
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If price of motor vehicle rises, Fuel oil demand decrease will fall and it curve will shift to left direction reflecting decrease
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Demand for fuel oil will fall and the demand curve will shift LEFTWARDS, showing that decrease.
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If price of motor vehicle rises demand of fuel oil will fall and the demand curve will shift leftwards, it show that will decrease.
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If price of motor vehicle rises demand of fuel oil will fall and the demand curve will shift leftwards, it show that will decrease.
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With the increase in the price of the motor vehicles the demand for the vehicle will decrease and the demand of fuel oil will decrease and the demand curve of the fuel oil will shift leftward.
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Solution:
Well the curve for fuel oil is leftward... $ If price of motor vehicles rises , It will bring fall in demand of fuel oil.
......................................
because all the three items cannot be identify in single unit. and according to the definition of indirect material if a material cannot be identify its individual value/cost in single unit it should be indirect materialbecause all the three items cannot be identify in single unit. and according to the definition of indirect material if a material cannot be identify its individual value/cost in single unit it should be indirect material
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Demand for fuel oil will fall and the demand curve will shift LEFTWARDS, showing that decrease.
::::::::::::::::
If price of motor vehicle rises, Fuel oil demand decrease will fall and it curve will shift to left direction reflecting decrease
:::::::::::::
Demand for fuel oil will fall and the demand curve will shift LEFTWARDS, showing that decrease.
::::::::::::::::::
If price of motor vehicle rises demand of fuel oil will fall and the demand curve will shift leftwards, it show that will decrease.
:::::::::::::::::::::::::
If price of motor vehicle rises demand of fuel oil will fall and the demand curve will shift leftwards, it show that will decrease.
::::::::::::::::::::::::::
With the increase in the price of the motor vehicles the demand for the vehicle will decrease and the demand of fuel oil will decrease and the demand curve of the fuel oil will shift leftward.
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In my point of view the demand of motor vehicle fuel fall due to rise in motor vehicles price.
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In my point of view the demand of motor vehicle fuel fall due to rise in motor vehicles price.
