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Some have argued that higher cigarette prices do not deter smoking. While there are many arguments both for and against this view, some find the following argument to be most persuasive of all: "The laws of supply and demand indicate that higher cigarette prices are ineffective in reducing smoking. In particular, higher cigarette prices will reduce demand for cigarettes. This reduction in demand will push the equilibrium price and quantity back to its original level. Since the equilibrium price remains unchanged, smokers will consume the same number of cigarettes" Do you agree or disagree with this view?
Determine the present state of the economy and trade relationship between your country and the US?
Explain why you would be more or less willing to buy a share of Apple Computers stock in the following situations:
Explain what macroeconomic topic the article addresses and summarise the article briefly to show your understanding and discuss what implications (if any) the chosen article has on Australia.
Is your employee affected by increases in the minimum salary. In what way is your employer affected by minimum wage increases.
Elucidate what term do economists utilize to describe this second outcome
Assume whether you believe the organization will expand or contract as well as address the price elasticity of demand and competitors.
Using aggregate supply and aggregate demand examine, describe what effects, if any, the following changes have on each nation's Price Index and real GDP.
Illustrate what should the Fed do in inflation continues to fall and eventually starts to become deflation.
Assume the growth rate of the software company and the interest rate are both constant and the software company will be business for years to come.
Determine the conditions of perfect competition. Name each and describe with an example how the real markets can violate one of more of these conditions.
Antitrust authorities at the Federal Trade Commission are reviewing you company' recent merger with a rival firm. The FTC is concerned that the merger of two rival firms in the same market will increase market power.
Real money demand is greater than the real money supply, interest rates must rise to reach equilibrium in the money market as people sell bonds to obtain more money.
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