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1. A. Describe equilibrium, surplus and shortage. explain what the relationship is between Qd and Qs, and between Supply and Demand curves.
1.b. What is causing these relationships to exist?
2. In a free market, what causes shortages?
3. In a free market, what causes surpluses?
4. What makes surpluses and shortages inefficient?
5. A. How and why do we return to equilibrium in the case of a surplus?
5.b. How and why do we return to equilibrium in the case of a shortage?
Select a company or organization with which you are familiar and determine which of the five dimensions of the business environment has the biggest impact (either positive or negative) on that company/organization. Explain the rationale behind you..
Media Magic is a media design firm located in Kansas City, MO. Fifteen employees work to create advertising graphics, to develop web page branding, and to create fliers and other advertising materials.
Agya is ready to think about how many pairs he can buy. Wait a minute, what happens if any of the ladies going to AUCC spotme at the BDBs? . I will buy any jeans from the Accra mall. Oops I am not quite ready to decide how many pairs I can buy.
Suppose an economy's real GDP is $30,000 in year 1 and $31,200 in year 2. What is the growth rate of its real GDP
What happens to the aggregate demand curve when interest rates decrease? when graphing, would the line move to the left or to the right?
The report should consist of opportunities and threats caused by globalization and the reactions from them. Gabe has also explained that you have done really well on your previous assignments and are proving to be an important addition to the econ..
Why is it impossible for a profit maximizing monopolist to choose any price and quantity it wishes?
Discuss an adjustment process using AD and AS analysis that will ensure that the economy will return to full employment.
You expect to rent out a vacation home on Sanibel Island for $800 a month as an investment. Upkeep is estimated at $3,000 a year. If the current market interest rate is 5 percent, you are willing to pay __________ for the house.
Suppose that Central High School has preferences that can be represented by the utilityfunctionU(C,X) =CX2. Let us try to determine how the various plans described inthe previous problem will affect the amount that C.H.S. spends on computers.
What kind of policy can the government implement to reach this goal - Find a new equilibrium and compare this to the equilibrium in (a).
Using a diagram of the labor market, show the effect of an increase in the minimum wage on the wage paid to workers, the number of workers supplied, the number of workers demanded, and the amount of unemployment.
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