Definition, Betydelse & Anagram | Engelska ordet GOOD'S

Definition av GOOD'S

1. böjningsform av good

Exempel på hur du använder GOOD'S i en mening

• If demand is inelastic, the good's demand is relatively insensitive to price, with quantity changing less than price.
• The other way around, when a good's owner changes to a local inhabitant from a foreigner, is defined to be an "import".
• By contrast, a Giffen good is so strongly an inferior good (in higher demand at lower incomes) that the contrary income effect more than offsets the substitution effect, and the net effect of the good's price rise is to increase demand for it.
• A good's Engel curve reflects its income elasticity and indicates whether the good is an inferior, normal, or luxury good.
• Appraisal methodology more or less treats hedonic regression as a more statistically robust form of the sales comparison approach, making it a popular means for assessment in any market or economic sector in which valuation between two categorically similar (or same) goods (such as two different kitchenware sets) can differ greatly based on additional factors (such as whether the pots and pans made of copper, cast iron, stone, etc, or what non-stick coating, if any, was applied) or constituent goods (including a steamer basket for one of the pots or having the largest pot be a Dutch oven) that strongly influence or semi-exclusively determine the unified good's value.
• Thus, society can modify the non-rivalry and non-excludability of a good's benefits such that goods often become private or public as a result of deliberate policy choices.
• But if we assume that in general bidders estimate the value accurately, then the highest bidder has overestimated the good's value and will end up paying more than it is worth.
• If, on average, bidders are estimating correctly, the highest bid will tend to have been placed by someone who overestimated the good's value.

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