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Assuming neither supply nor demand curves is horizontal, in which of the following cases must price always fall?
1. Demand decrease, supply increase
2. Demand decrease, supply decrease
3. Demand decrease, supply increase
4. Supply increases and demand remain constant
5. Both 3 and 4
Farmers have a relatively inelastic demand for their crops. Suppose there is a bumper crop year (an unusually large harvest).
What is the percent change in consumption since you were born? What is the percent change in real disposable income since you were born? Would it be correct to connect points A and B with a ruler and call it a consumption function? Why or Why no..
What are some costs of unemployment
is there a conflict in an environmentally conscious manufacturing environment? if there is is it healthy and desirable?
1. Los Angeles is committed to raising $1 billion for a new stadium. It is considering a $1 surtax on all cab rides because most cab rides are by non-residents. Use supply and demand to evaluate the wisdom of such a tax.
Select a topic, one in which you are interested, and for which there is enough information. If your topic is too broad you will have difficulty completing your report in the time allocated. Example: 'The effects of pollution' is too broad because the..
questionnbspconsider the market for kitty litter. assume this industry is purrfectly competitive and is presently in
Find the revenue earned by each bakery. From that revenue subtract the bakery's variable cost and compute the firm's short run economic profit.
your company is currently engaged in business activities both nationally and internationally. a country you are
Unemployment insurance, because it allows people to spend more time searching for a job than they would otherwise be able to, can increase the natural rate of unemployment. Is this something that policymakers should be concerned with
What are the optimal tax rates that the government should impose on each good?
In a closed economy $10,000 is to be spent anually on the maintenance of existing capital stock,while the factor cost of final goods producing during the year=65k $. Producers pay 10k by the way of production. Find GDP at market price.
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