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If a market begins in equilibrium and then the demand curve shifts leftward, a
a. surplus is created, which is eliminated by a fall in price.
b. surplus is created, which is eliminated by the supply curve shifting leftward.
c. shortage is created, which is eliminated by a fall in price.
d. surplus is created, which is eliminated by a rise in price.
e. shortage is created, which is eliminated by a rise in price.
Define and discuss the concept of Corporate Communication. Select an organisation and then identify and discuss the issue that are continuous risk for the survival of the organization.
In class we built a Production Possibility Frontier (PPF) where each sector exhibits constant returns to scale technology and where sectors use deferent capital-labor ratio. Suppose now that both sectors exhibit increasing returns to scale.
Why would elasticity of demand be important to you in determining the products on which the taxes should be levied".
A person signs an agreement to offer personal services over a period of five years. The company that hires him, offered to pay him an advance of $30,000 for his professional services at the moment of signing the contract and five additional payments ..
You won $25 million in a state lottery that promises to pay $1 million (tax free) in the next 25 years. a) Have you won $20 million? b) What is the present value of this stream of fixed payments (assume that the annual interest rate is 6%? (Note you ..
How has the tightening of consumer credited effected individual spending and in turn the U.S. economy? Has this strategy by the financial institutions helped our economic recovery?
A water utility for a growing city is considering expanding their capacity by investing in a larger system of wells. Their long-run marginal cost of water provision is characterized by the function MC(q) = 5 + 2 3 q (q is in thousands of gallons). De..
In 2008, Poland was forced to devalue its currency against the Euro. Which of the following groups was most damaged? Which of the following central banks use(s) the channel system for targeting interest rates?
About "Macroprudential Policy, Countercyclical Bank Capital Buffers and Credit Supply:Evidence from the Spanish Dynamic Provisioning Experiments" How do you think this policy on provisions would differ from a policy on capital requirements?
The application of current US antitrust law
Dell is considering two versions of a new laptop. One version will meet high performance standards. The other will only meet medium performance standards. If Dell knows that there are Nt techies and Nn norms, and if Dell also can identify which type ..
Suppose Clive spends all his money on running shoes and (cups of) tea. Clive’s budget is $50 and the price of shoes is $10. According to the information above what is the price of tea in case A and in case B? On a big and precise graph, show the opti..
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