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In February 2013, the proposed takeover by Barr of Britvic was referred to the Competition Commission for investigation. There were likely to have been concerns that the takeover would lead to...

(Barr and Britvic are two of the three largest soft drink firms in the UK.) A economies of scale B an increase in consumer surplus C a decrease in contestability D a reduction in external economies of scale ...
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Answered by Brodie W. • Economics tutor
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How can changes in the interest rate affect aggregate demand?

A reduction in the interest rate will increase the incentive for consumers to spend money. This increases consumption which increases aggregate demand. An increase in the interest rate will increase the ince...
PP
Answered by Parth P. • Economics tutor
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Describe the long run aggregate supply curve.

Initially the curve is perfectly elastic. This means without raising the price level, output can increase. Output then becomes increasisngly less responsive to changes in the price level until the curve is p...
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Answered by Parth P. • Economics tutor
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Explain the factors which determine the level of demand for a good or service

To answer this questions I would reccomend learning the following acronym WISPER CAT The factors which affect the level of demand are: Weather Income Substitute goods price Population Expectations of future ...
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Answered by Joel G. • Economics tutor
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What is economic growth and how can it improve living standards?

Economic growth is defined as an increase in the productive potential of an economy. It is measured in percentage growth of GDP (Gross Domestic Product), year on year. India's rate of economic growth is 7.1%...
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Answered by Thomas W. • Economics tutor
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