PPT-Price & income

elasticities of demand in Uganda Grieve Chelwa Economics of Tobacco Control Project School of Economics University of Cape Town Presentation Outline Introduction amp motivation Brief review of literature. 14. Shane Murphy. s.murphy5@lancaster.ac.uk. Office Hours: Monday 3:00-4:00 – LUMS C85. Outline. Roll Call. Problems. Exam Notes. Chapter 20: Problem 5. Here are some data . from the land of milk and . and Cross Elasticity. http://www.bized.co.uk/educators/16-19/economics/markets/presentation/elasticity.ppt. . Elasticity – the concept. The responsiveness of one variable to changes in another. When price rises, what happens . Shane Murphy. s.murphy5@lancaster.ac.uk. Office Hours: Monday 3:00-4:00 – LUMS C86. Outline. Substitute Lecturer Next Week. Roll Call. Class Rep. Problems. Discussion. Class Rep. Exercise. Consider the following demand function: Q. What Exactly are Embedded Taxes?. . THE HAMMER SCENARIO – A PER/UNIT ANALYSIS. APPLIES TO THE SALE OF ANY SERVICE OR PRODUCT BOUGHT IN FINAL PERSONAL CONSUMPTION. Note: . 22. % of the hardware store’s sales price contains the embedded Income Tax/Payroll Tax paid by the materials supplier, the factory distributorship, and the hardware store, . Owners: Benjamin G. Brandstadt and Jonathan J. Altes. Executive Summary. Came up with idea. Test Market for prices. Set price and advertising . Began sales . Write up and finances . . Products, Services and Pricing. and Cross Elasticity. The responsiveness of one variable to changes in another. When price rises, what happens . to demand?. Demand falls. BUT!. How much does demand fall?. Elasticity – the concept. Part I. CONSUMER THEORY (II). Laura Sochat. Constrained optimisation. There . are n goods consumed in quantities . , . . …, . . making up a bundle . , . …, . . The . agent income is . M, and the . Regional Price Parities. Bettina Aten, Eric Figueroa, and Bryan Vengelen. October 25, 2016. Outline. Overview. Methodology. Results and Applications. 2. Outline. Overview. Methodology. Results and Applications. M.N. SIKWILA. (PhD Economics). CONTACT: 0736024908. LESSON: OUTCOMES. After this lesson you should be able to:. Explain economic concepts models used in your industry and the economy . Discuss micro and macroeconomic issues that affect the working of the economy. Uganda?. Grieve . Chelwa. Emerging Research Programme. C A P E T O W N . 22 – 26 June 2015. Introduction & motivation. Uganda’s smoking prevalence relatively high for SSA. 17% male (vs 14% for SSA). Edition. PART II. THE MARKET SYSTEM. Choices Made by Households and Firms. Copyright. PART II THE MARKET SYSTEM . (1 of 2. ). Assumptions for Chapters 6 through 12:. perfect . knowledge . The assumption that households . Quantity Demand. #1 . The Income Effect:. . indicates that a . lower. . price. increases the . “. purchasing. . power. ”. of a buyer’s money income (also known as . real. . income. .). If . Decomposition of the Total Effect into Substitution and Income Effects Week 4 In a demand relationship the quantity consumed changes with price but what does the quantity change actually consist of? Elasticity – the concept. The responsiveness of one variable to changes in another. When price rises, what happens . to demand?. Demand falls. BUT!. How much does demand fall?. Elasticity – the concept.