Leather Elasticity
Posted in Training Equipment on 10/08/2008 02:59 am by adminLeather Elasticity
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Interesting Economics question? PLEASEEEE?
The different regions of my country are based in different activities...
S --> Agriculture
M --> Financial
L ---> Cow-based meet, leather and milk
As any industry, the demand for these goods will have certain elasticity of demand (PED and XED)... knowing this.. is the growth of regions S, M or L "dictated" by the elasticity of the products in which they are based on?...
Assume that the goods produced in M are very inelastic, will this fact assure income equality??...
Are these questions stupid?, or do they serve as a base for an investigation?
THANK YOU VERY MUCHHH!!!!
OTHER QUESTION: Which topic could I relate with Income distribution...??
I want to know how VARIABLE X affects income distribution... and DONT TELL ME TAXES NOR INFLATION...
for the investigation, can i assume i growth will be determined by elasticity-?
I don't think that the "growth of the regions is dictated" only be elasticities of the goods produced in those regions. Don't the cost structures in the various industries play a role, too? What about demographic characteristics (e.g., age, education, and wealth) in the various regions?
Additionally, demand for the goods is not fully characterized by elasticity. For example, there might be some food staple (e.g., rice) for which demand is relatively innelastic, but which is far less valuable than antoher good for which demand is much more elastic.