For Honda Motors, a passenger automobile manufacturer, could an increase in demand for cars or a reduction in price of rubber affect the demand of rubber tyres? What is this type is of demand called? Bring out relationship between various types demand and price in Business markets Explain briefly

Describe the concept of price elasticity! Why it is for a monopoly less profitable to act inmarkets with high price elasticity? What can a monopolist or a firm with market power do, inorder to increase the profits? (use graphs)

Suppose the cross-price elasticity of demand between goods X and Y is -5. How much would the price of good Y have to change in order to change the consumption of good X by 40 percent?

How do firms use information about price elasticity to predict consumer behavior?

What is the aviation industry's cost structure? How does it stack up against other modes? What impact does this have on pricing, especially for passengers?

Explain why a product or service’s contribution (selling price minus variable cost) is an important element in developing a marketing strategy, giving examples to illustrate your answer.

Explain how product differentiation might allow firms to set price above marginal cost even though they are competing by setting prices. Give some examples of where you see this happening. Hint: use the monopolistic competition model

The Qur’an lays great emphasis on justice. It is natural to bring this idea into market relations, especially prices. Thus, the Prophet characterized riba as overcharging a trusting customer.  What are the two terms occurring very frequently in Ibn Taymiyyah’s discussion on the issues related to just price, just wage, and just profit? Integrate his points based on their relevance to contemporary society’s welfare issues.

How do you protect your retail store from competitive threats in terms of the Non-Price Strategy?

Define and explain unintended consequences. Give me an example from your personal decision- making that led to unintended consequences. Using the example from the article, identify some of the unintended consequences of using corn to produce ethanol to add to gasoline. Edit View Insert Format Tools Table 12pt v Paragraph | BIU