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Which of the following demonstrates the law of supply?
a. When the price of leather belts rose, leather belt sellers increase their quantity supplied of leather belts.
b. When car production technology improved, car producers increased their supply of cars.
c. When sweater producers expected sweater prices to rise in the near future, they decreased their current supply of sweaters.
d. When ketchup prices rose, ketchup sellers decreased their quantity supplied of ketchup
Suppose that you are in a committee meeting of the United Nations
Elucidate how do the ratios Px*X/I also Py*Y/I change as income increases in this problem.
Suppose that, for the population of all entering freshmen, the distribution of the number of correct answers would be normal with a variance of 250. what is the probability that sample variance would be less than 100?
q. 1. one of the approaches for the southern company to comply with the clean air act is to adopt fuel-switching
Describe return to an investment in a college education. How would you go about measuring it. How would you decide it is good enough to warrant investment.
The ultimate result of this one-shot, simultaneous-move game depends upon the choices made by both competitors.
Assume in this market all apartments are identical, so there is only one equilibrium rent. Show the rent as $800 per month.
Illustrate what are the relationships between strong monotone and non-satiation. Also illustrate what are the relationships
q1. in long-run equilibrium assume the economy. in a short duration of time there is a pessimistic revision of
The cost leadership approach implicates competing by having a lower cost than one's competitors
the shortcomings of NAFTA for the last 20 years including what each country has lost as a result of NAFTA.
Suppose the following were facts relating years of education to average annual income of individuals. Would you use the inductive or deductive method to derive an economic principle from these facts.
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