What are the different types of auctions based on how people place their bids?
What will be an ideal response?
There are two different types of auctions based on how people place their bids. These are open outcry auctions and sealed-bid auctions. In open outcry auctions, bids are placed publicly and the bidders compete directly against each other. In a sealed-bid auction, all bids are private and unknown to the other bidders.
Economics
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A cafeteria is willing to produce 100 cups of coffee when the price is $1 and 150 cups of coffee when the price is $1.30, other things being equal. The price elasticity of supply of coffee is
A) 1.53. B) 0.67. C) 0.10. D) 0.50.
Economics
Disintermediation is a problem associated with a banking crisis
Indicate whether the statement is true or false
Economics