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a. Describe a situation where prices have been held out of equilibrium due to government intervention in the market-the obvious ones discussed in the text are rent control and agricultural subsidies. You may use a specific example of one of these, or any other example.
b. Were there any unintended consequences in your example?
it has to be between 210-280 words for each bullet. consider that your team is a group of economic advisors working for
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Suppose the price elasticity of demand for vanity plates in your state is 0.60. The initial price is $20 and the initial quantity is 1,000 plates per week. Suppose the state increases the prices by 10%. Predict the new quantity per week and total rev..
It is a study guide which will help students to further research the topic.
What accounts for whether case a or case b occurs? d. Suppose that a scalper had secretly learned before the announcement that Aaron Han would not play in the next game. What actions do you think he would take?
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Elucidate how each of the following changes would shift the aggregate demand curve.
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Illustrate what methods does Rakuten use to make it easy for a small or medium size business to use its shopping platform.
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The two firms could successfully collude over the monopoly output and hence share the monopoly profit using trigger strategies.
Compute the point price elasticity of demand for bearing grease.
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