income elasticity of demand?
476775
http://en.wikipedia.org/wiki/Income_elasticity_of_demand\n\nHave fun with econ.
405106
Inflation/Deflation, Supply/demand and umm the crazy graphs and curves of demand, supply etc
685194
based on supply and demand.  Too detailed to explain in a q&a.  If you're in school, take a finance and economics class.
552618
right NOW my job is quite secure... but it's impossible to predict the impact the economy might have on it down the road.\n\nthe effect snowballs as people have less disposable income, and they spend less on non-essential items (such as eating out: i work in a restaurant.)  fewer customers lead to fewer employees needed, so the ones that remain are forced to work harder to cover the slack.  and as the cost of the raw materials (in this case food) increases due in part to higher transportation costs, the profit margin shrinks to a barely manageable level.  \n\nit is a scary time for small business owners and employees alike.  a one-word description for the way i feel about the whole economy is "cautious"... we are in uncharted waters.
1102694
intel_knight is almost correct on the supply and demand question.\n\nHere is what he said:\n\n> supply=demand\n> -5p+40 = -p^2+30p-8\n> p^2-35p+48 =0\n\nPerfect.  Now we need to apply the quadratic formula to do the problem.  a = 1, b = -35, c = 48, and the quadratic formula is\n\n(-b +/- sqrt(b^2 - 4ac))/2a\n\nSo it is (35 +/ sqrt(35^2 - 4*1*48))/2*1\n\nWhich will give two positive answers.  intel_knight, the mistake is that you have a -35 instead of a 35 at the beginning of the equation, -(-35) = 35.\n\np = (35 + sqrt(1225 - 192))/2 = $33.57\n\np = (35 - sqrt(1225 - 192))/2 = $1.43\n\nI would check the math on that for yourself, but that is what my calculator said.\n\nI suppose that they would want the higher number for greater profits.
114075
Well that would be possible but this question is to vague to answer in reality. There is rent, employee wages, goods, insurance, etc that need to be considered. Good Luck
973062
There is no specific formula...\n\nIt really depends on your goals and what lifestyle to expect to live.\nThere is also a health factor.  If you are a sickly person, then you'l expect your cost of living to increase.\n\nOverall, it could be more or less (inflation adjusted) than your current income...
47648
Are you talking about income limits for HUD or HEAP? We will need more information.  Need some details.... Sorry!
470109
observed phenomenon in economics where the economy experiences booms and slumps. Any force that influences national income would influence the business cycle.\n\nY = C + I + G + NX\n\nNational Income = Consumption + Investment + Government + Net Exports.
234501
try the Consumer Price Index or other price statistics at http://www.bls.gov/data/home.htm
690202
production, distribution, and consumption of goods and services
255296
Rule of thumb, 2.5 times income
559804
Cost of living, definitely.  Inflation.  Interest rates.  Unemployment rates.
986283
I'm not going to do you're homework for you and I suggest that if you can't answer this you may want to consider dropping your econ class or getting some special help.  In most cases Marginal Cost = Supply for a given firm.  You're market clearing point will be Supply = Demand (for a competitive firm).  You can use that information to solve the rest.
659708
Real median household income remained unchanged between 2003 and 2004 at $44,389, according to a report released today by the U.S. Census Bureau\n\nTaken from:\nhttp://www.census.gov/Press-Release/www/releases/archives/income_wealth/005647.htm
399764
If there is demand, there will be supply. They work side by side. One cannot exist without the other. As one increases or decreases, so will the other. Not always at the same rate of increase or decrease. This rule determines cost of production & selling price. On a simple grid, using a X & Y axis; where they cross is the selling price.
79486
demand for resource depends on the price of that resource... either the actual selling price (if the price was too high, consumers would be reluctant to buying it) or the opportunity costs in obtaining the resource (the difficulty in obtaining the resource.. or what you must give up in order to get that resource)\n\nim currently taking a microeconomics class too.