Demand Analysis

Added By MaihanNijat - Nov 28, 2011 - Economics


In this chapter ,we begin our analysis of consumer demand. demand is one of the most important aspects of managerial economics Since firm would not be established or survive if sufficient demand for its product did not exist or could not created That is ,a firm could have the most efficient production techniques and most effective management, but without a demand for its product that is sufficient to cover at least all production and selling cost over the long run , it simply would not survive Indeed many firms go out of business soon after being set up because their expectation of a sufficient demand for their products fail




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