Q8. Explain how do the following influence demand for a good: 4 a) Rise in income of the consumer when good is an inferior good. Use Diagram.
b) fall in price of substitute good
(i) Laspeyre's Method, (ii) Paasche's Method, and (iii) Fisher's Method.
Experts pls provide me the solution of this probelm
correlation, given the following data:
X 78 89 97 69 59 79 68 61
Y 125 137 156 112 107 106 123 138
of children.
Age (years) 1 2 3 4 5
Weight (kg) 3 4 6 7 10
Experts pls give me the solution of this probelm
Q8. Explain how do the following influence demand for a good: 4 a) Rise in income of the consumer when good is an inferior good. Use Diagram.
b) fall in price of substitute good
and Y?
I.e 1× m3-m
12
But for how long will we keep on adding this correction factor ??
Is it related with the NUMBER OF VARIABLES USED to find correlation ??
Pls tell ... ? AND explain in detail