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Show graphically and explain in writing how the following demand and supply curves are likely to shift in response to the indicated changes:
a) The effect airline tickets following the lower price for fuel.
b) The effect on the demand curve for Coors light when the price of Bud light declines (substitutes).
First, graph the supply and demand curves then show the changes in a and b above regarding quantity and price.
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Suppose the value of the price elasticity of supply is 4. What does this? mean? Deadweight loss is.
The effectiveness of monetary policy is increased
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How is the duration of a bond calculated? Why is this perhaps a more important calculation to the manager of a pension fund than to the manager of the daily deposits for its commercial banking division?
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