Explain why purchasing power parity

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Reference no: EM138252

Q1. Research comes out that supports that drinking more Green Tea helps to keep you healthy. Ceteris paribus, what would you expect to happen to the market (equilibrium P and Q) for Green Tea based on this research?

Q2. "In the Undercover Economist, Harford discusses Greenbelts. What is a Greenbelt and how does it affect demand and/or supply? What are other examples of "greenbelts"?

Q3. Explain why purchasing power parity measures of income levels tend to show smaller differences between poor and rich country?

Reference no: EM138252

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