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Find an article in a recent newspaper or magazine illustrating a change in price or quantity in some market. Analyze the situation using economic reasoning.
1. Has there been an increase or decrease in demand? Factors that could shift the demand curve include changes in preferences, changes in income, changes in the price of substitutes or complements, or changes in the number of consumers in the market.
2. Has there been an increase or decrease in supply? Factors that could shift the supply curve include changes in costs of materials, wages, or other inputs; changes in technology; or changes in the number of firms in the market.
3. Draw a supply-and-demand graph to explain this change. Be sure to label your graph and clearly indicate which curve shifts.
Last year your company built 1,5000,000 units of product Able and sold 1,405,000. After 12 months in R&D, a revision of product Able is due out tomorrow on January 2 (The first business day of this year). What will happen to the unsold inventory of 9..
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Outline the primary ways in which the traditional approach to modeling a use case differs from an object-oriented approach. Develop a scenario in which you would use the traditional approach over the object-oriented approach, and explain your reas..
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