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The table shows the quantities sold and the price levels of MQ2020, a luxury car manufactured by MQ Motors, in September and October 2019. MQ Motors could not identify any factors that could affect its sales, other than the price change. please Calculate the price elasticity of demand for MQ2020.
Assuming that the economy is initially in equilibrium at potential GDP. Use an AD-AS graph to show the effect of an increase in government purchases on the price level and the output level in the short run and in the long run. Explain what is happeni..
Sailright Inc. manufactures and sells sailboards. Management believes that the price elasticity of demand is -3.0. Currently, boards are priced at $500 and the quantity demanded is 10,000 per year. Show all work in your answers. If the price is incre..
Why are sampling distributions so important in the process of statistical inference?
The best test of the performance of two different regression equations is their respective values of the coefficient of determinations. Equations that perform well in explaining past data are likely to generate accurate forecasts.
q.suppose sam.com sell 3500 books on account for 11 each cost these book is 16500 on october 10 2012. one hundred of
Suppose GDP is $8 trillion, taxes are $1.5 trillion, private saving is $0.5 trillion, and public saving is $0.2 trillion. Assume that the economy is closed. Calculate consumption, government purchases, national saving, and investment.
Indicate which curve shifted (demand curve, supply curve or both) and in which direction – for each of the following situations: *The price of furniture rises as the quantity bought and sold falls. *Apartment vacancy rates increase while average mont..
Among those who are not rugby fans, 32% are soccer fans. Julie is a soccer fan, and her probability of being a rugby fan is:
a. What is the expected flight time? b. Display a graph of the probability density function for flight times.
Suppose one dollar equals 8, 700 units of a foreign currency. If the foreign currency appreciated by 5 percent, how much would one dollar equal in the foreign currency?
One of the most debated areas in economics is balancing the budget. The major contention is on the timing of the policy. If the government were to operate under a strict balanced-budget rule, what do you think would it have to do in a recession? Shou..
Draw wait for graph for following history. Is following history conflict serialize-able? If yes then give an equivalent serial history.
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