causes for demand change
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income change, marketing, tastes and preferences, seasonal
LLC
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limited liability corporation (legal entity)
supply inputs
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capital and labor
increase in supply
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S upward slope, S' down to right
- increase in supply
- no change in demand
- increase in the quantity demand
- decrease in the price equilibrium
- increase in the quantity equilibrium
(tech or decrease in the cost of capital)
limited partnership (w LLC)
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ease of form: easy, taxation: flow through liability: protects all partners
normal good
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as income goes up consume more of it (demand increases)
, conspicuous demand
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luxury item, as price goes up and demand goes up
general partnership (w LLC)
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ease of form: easy, taxation: flow through liability: protected general
partners
limited partnership (no LLC)
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ease of form: easy, taxation: flow through liability: only limited are
protected, general are not
equilibrium
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where supply and demand intersect
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income change, marketing, tastes and preferences, seasonal
LLC
Give this one a try later!
limited liability corporation (legal entity)
supply inputs
,Give this one a try later!
capital and labor
increase in supply
Give this one a try later!
S upward slope, S' down to right
- increase in supply
- no change in demand
- increase in the quantity demand
- decrease in the price equilibrium
- increase in the quantity equilibrium
(tech or decrease in the cost of capital)
limited partnership (w LLC)
Give this one a try later!
ease of form: easy, taxation: flow through liability: protects all partners
normal good
Give this one a try later!
as income goes up consume more of it (demand increases)
, conspicuous demand
Give this one a try later!
luxury item, as price goes up and demand goes up
general partnership (w LLC)
Give this one a try later!
ease of form: easy, taxation: flow through liability: protected general
partners
limited partnership (no LLC)
Give this one a try later!
ease of form: easy, taxation: flow through liability: only limited are
protected, general are not
equilibrium
Give this one a try later!
where supply and demand intersect
