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When price of coke rises from $5 to $7, quantities demanded for coke falls from 1000 to 800, and quantities demanded for pepsi rises from 300-400. Calculate the cross elasticity of demand, using the mid-point approach.
A. Define each of the following: 1 Gross Domestic Product at Market Prices. 2 Gross National Product at Market Prices. 3 Gross National Product at Factor Cost. 4 National Income. B. Explain the relationship between Gross National Product at Market ..
Do Okun's law and the short-run Philips curve appear to be related concepts? Would a breakdown in the Okun's law relationship strengthen or weaken the case for active policy making?
Laws of supply and demand
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Discuss the effect the credit market crisis in the United States in 2008 had in the market for existing single-family homes. Assuming the demand for existing single-family homes is relatively inelastic, what is likely to happen to the total revenues ..
Determine GDP,NDP,GNP,NNP,NI,PI,DI,S. Comment on savings magnitude that you have determined.
a software company decided to build a larger factory at a cost of 50 million that would be operational for 5 years. at
Given the following monopolist demand and cost curves, QD= 1000 - 2P TC = 5,000 + 50Q
two companies company a and company b are deciding whether each should implement a new pricing strategy which may or
Calculate equilibrium GDP for interest rates of 3 and 9 percent. Use the formula for equilibrium GDP and Plot the IS curve using graph paper or software.
consider the market for minivans. for each of the events listed here identify which of the determinants of demand or
Consider a new per-worker employment tax on workers (where previously there was no tax). Outline the consequences of this tax on the local labor market. Use appropriate, clear, and well-labeled diagrams. In your answer show (1) the burden of the tax ..
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