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1. What does your graph describe in terms of industry and firm? Ignore the red lines. What is the equilibrium price and output in your graph? How does your graph relate to the other two graphs, if at all? You do NOT need to draw your own graph--that is really hard on a computer for some students--but rather indicate the answer by referring to the letters (caps for quantity and lower case for price) in each of the graphs.
2. What do any of these graphs have to do with price discrimination?
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Suppose that the market for wheat is characterized by the following demand and supply relationships.
utilizes the Keynesian cross to predict the impact on equilibrium GDP of equal-sized rise in both the government purchases also taxes
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The Cognitive evaluation theory is contradictory to reinforcement also expectancy theories.
Suppose that the demand for orange increases. Carefully explain how the rationing function of price will restore market equilibrium.
Explain how has the recent natural disaster in Japan influenced the provider of Toyota automobiles.
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