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The demand function for merino ewes is D(p)=100/p and supply function is S(p)=p.
what is the equilibrium price?
what is the equilibrium quantity?
An ad valorem tax of 300 percent is imposed on merino ewes so that the price paid by demanders is four times the price received by suppliers. What is the equilibrium price paid by the demanders for merino ewes now? Elucidate what is the equilibrium price received by the suppliers for merino ewes? What is the equilibrum quantity?
Which resource of production is the only one which nations can significantly increase in the short term.
Find the equation of the dominant firm's derived-demand function
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Illustrate what is the four industry concentration ratio of the hamburger organization in this town.
Assume Arturo is willing to trade 6 burritos to Dina for each 10 tacos which Dina produces also send to Arturo.
Assume there are two firms in a market who each simultaneously choose a quantity.
Find out statistics on the web from 2004 to present on the fillowing indicators of the macroeconomic conditions of U.S. economy:
The nation of Potchatoonie produces hockey pucks, cases of root beer also back rubs.
The average consumer income is $20,000, and the price of the related good is $1.10. Compute the predicted quantity demanded of X at these prices and income.
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In a recent article, a researcher reported that he had found the demand curve for kerosene to be upward sloping.-as the price of kerosene rose the quantity demanded of kerosene increased. Illustrate what questions might you have for this researche..
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