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If there is an increase in demand for a service, and a decrease in supply of the service, what impact will that have on the equilibrium price and quantity for the service?
q.mirk labs is a pharmaceutical company that currently enjoys a patent monopoly in europe canada and the united states
If shoes and socks are complements and both are normal goods, show graphically what would happen to the consumption of shoes and socks if the price of shoes decreased. consumer incomes increased.
An airline loses money on one of its routes but has decided to continue to provide service. Could this decision be economically rational in the short-run? In the long-run?
Nabisco, the nations largest cookie and cracker producer, introduced "mini" its line recently. They were confident that they would not have the problems
Suppose there is an options market in SO2 permits, where each permit entitles one ton of SO2 emissions. Suppose that running a scrubber costs $65 per year per ton of SO2 removed, has a capital cost of $30,000,000, and an expected life of five years. ..
Assume that banks lend out all their excess reserves. Currently, the legal reserves that banks must hold equal 11.5 billion$. If the Federal Reserve decreases its reserve requirement from 10% to 5%, then there is potential for the whole banking syste..
Which European countries currently use the Euro as their currency? Why did those countries agree to replace their previous currencies with the Euro?
Assuming that the price level is P = 1, find the equilibrium real output, interest rate, consumption, and investment. Organize your results in the following table. (Hint: You should solve both the goods market and the money market equilibrium.) Now a..
Tax increment financing Zone encourages Economic Development by
The depreciation of the dollar versus the yen: Look back at equation (20.3) in Section 20.2 E = P^w / P. Apply our growth rates rule (from Chapter3) to this equation to express the growth rate of the exchange rate as a function of the infaltion rate ..
If the quantity of housing supplied in a community is greater than the quantity of houses demanded, the existing price:
Utility is a satisfaction that an individual derives from consuming or using a specific good or service. Total utility indicates the total amount of satisfaction or pleasure an individual derives from consuming some specific quantity of a good or ser..
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