Skip to main content

Re: ::: vuaskari.com ::: idea sol GDB ECO401 by Fizza Dastgir

plz send me the solution cs304 and phy301 ssssssssssooooooooooooooooon

On Tue, Jun 7, 2011 at 4:02 AM, Fizza Dastgir <mc090405569@vu.edu.pk> wrote:

Total Marks 3
Starting Date Tuesday, June 07, 2011 
Closing Date Thursday, June 09, 2011
Question/Description

The major oil producing countries had made a cartel named "OPEC" (oil producing and exporting countries) in 1960. OPEC exports oil to rest of the world; there are significant problems for entrance in the market for oil. In which market structure this case falls and why the demand curve of oil is relatively inelastic?

NOTE: your answer must not exceed from 50 words.


IDEA SOLUTION

by

FIZZA DASTGIR

VU ASKARI



Part A: In which market structure this case falls?


Market structure: oligopoly


Part B: Why the demand curve of oil is relatively inelastic?


Oil Industry lies in the oligopolistic market structure which has few no of sellers in the market and people are bound to fulfill their needs through this limited supply, so price rise does not effect much on their demand. secondly the oligopolists are well aware of moves. Thats why demand curve of oil is relatively inelastic.


Best of luck to all

--
FIZZA DASTGIR BHATTI
*~*~*~*~*~*~*~*~*~*~*~*
MC090405569 
MBA - ISLAMABAD



--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best. Join www.vuaskari.com,
To post to this group, send email to vuaskari_com@googlegroups.com
Visit these groups:
This (Main) Group:http://groups.google.com/group/vuaskari_com?hl=en?hl=en
MIT/MCS Group: http://groups.google.com/group/vu_askarimit?hl=en?hl=en
HRM Group: http://groups.google.com/group/askari_hrm?hl=en?hl=en
Banking Group: http://groups.google.com/group/askari_banking?hl=en?hl=en
Management: https://groups.google.com/group/vuaskari_mgt?hl=en
Marketing: https://groups.google.com/group/vuaskari_mkt?hl=en
MIS Group: http://groups.google.com/group/askari_mis?hl=en

--
We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best. Join www.vuaskari.com,
To post to this group, send email to vuaskari_com@googlegroups.com
Visit these groups:
This (Main) Group:http://groups.google.com/group/vuaskari_com?hl=en?hl=en
MIT/MCS Group: http://groups.google.com/group/vu_askarimit?hl=en?hl=en
HRM Group: http://groups.google.com/group/askari_hrm?hl=en?hl=en
Banking Group: http://groups.google.com/group/askari_banking?hl=en?hl=en
Management: https://groups.google.com/group/vuaskari_mgt?hl=en
Marketing: https://groups.google.com/group/vuaskari_mkt?hl=en
MIS Group: http://groups.google.com/group/askari_mis?hl=en

Comments

Post a Comment

Popular posts from this blog

[vu-students] Urdu Love Letters ............ ahahahahahhahahah

  The One & Only .......... IRFAN. Italy. http://groups.yahoo.com/group/p_se_poetry   -- You received this message because you are subscribed to the Google Groups "VU Students" group. To post to this group, send email to vu-students@googlegroups.com To unsubscribe from this group, send email to vu-students+unsubscribe@googlegroups.com For more options, visit this group at http://groups.google.com/group/vu-students?hl=en_PK?hl=en
Post a Comment
Read more

::: vuaskari.com ::: cs301

share cs301 midterm papers. -- We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best. Join www.vuaskari.com, To post to this group, send email to vuaskari_com@googlegroups.com Visit these groups: This (Main) Group: http://groups.google.com/group/vuaskari_com?hl=en?hl=en MIT/MCS Group: http://groups.google.com/group/vu_askarimit?hl=en?hl=en HRM Group: http://groups.google.com/group/askari_hrm?hl=en?hl=en Banking Group: http://groups.google.com/group/askari_banking?hl=en?hl=en Management: https://groups.google.com/group/vuaskari_mgt?hl=en Marketing: https://groups.google.com/group/vuaskari_mkt?hl=en MIS Group: http://groups.google.com/group/askari_mis?hl=en --- You received this message because you are subscribed to the Google Groups ":::www.vuaskari.com :::" group. To unsubscribe from this group and stop receiving emails from it, send an email to vuaskari_com+unsubscribe@googlegroups.com. ...
Post a Comment
Read more

::: vuaskari.com ::: Fin622 All Mid Term Papers in just one file ....

just isi se tyari kr lo INSHA ALLAH 80% se above marks aye gay in MCQs....................... its gift for all VU finance students by me........ -- We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best. Join www.vuaskari.com, To post to this group, send email to vuaskari_com@googlegroups.com Visit these groups: This (Main) Group: http://groups.google.com/group/vuaskari_com?hl=en?hl=en MIT/MCS Group: http://groups.google.com/group/vu_askarimit?hl=en?hl=en HRM Group: http://groups.google.com/group/askari_hrm?hl=en?hl=en Banking Group: http://groups.google.com/group/askari_banking?hl=en?hl=en Management: https://groups.google.com/group/vuaskari_mgt?hl=en Marketing: https://groups.google.com/group/vuaskari_mkt?hl=en MIS Group: http://groups.google.com/group/askari_mis?hl=en
Post a Comment
Read more