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1. If both demand decreases and supply increases then for sure
a. Prices will increase
b. Prices will decrease
c. Quantities will increase
d. Quantities will decrease
2. Which of the following will decrease the demand for chicken?
a. An increase in the price of red meats
b. A decrease in the price of red meats
c. An increase in the price of chicken
d. A decrease in the price of chicken
Explain what percentage change in the price of each of the three goods. Using a method similar to the consumer price index, compute the percentage change in the overall price level.
Elicidate the Consumption and Government Spending equal to what. Would you expect to find out a few relatively large firms or many relatively small company.
A country club knows that each of its customers has a demand curve for golf rounds of q = 500 – p, where q is the number of rounds bought in a year and p is the price per round of golf. Furthermore, because it is so exclusive and there are not many m..
During the third quarter of 1997, Japanese GDP was falling at an annual rate of over 11 percent. Many blamed the big increase in Japan's taxes in the spring of 1997, which was designed to balance the budget. Explain how an increase in taxes with the ..
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1. describe the schumpeterian notion of creative destruction. how does it compare to kirzners view of the
On a single graph draw marginal cost curve, average total cost curve and average variable cost curve for a typical firm. Explain how area that represents profit or loss this firm will earn.
Suppose economy starts with GDP at potential, the real interest rate and marginal product of capital both equal to 3% ad a stable inflation rate of 2%. Analyze the effect of this shock in IS/MP diagram. What policy response would you recommend to fed..
Converse Elucidate how a society's social values influence the provision of also payment for health services.
q.in ua villa 1000 people live on main street that is 10 miles long. every day each of the 1000 people will buy 1 fruit
q1. what is the relationship between marginal cost and marginal revenue when single-price monopoly maximize profit?
q. a selfless person approaches jones and smith with a 100 bill and offers to sell it to the highest bidder but both
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