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Over the years the market demand for “long-playing records made of polyvinyl has fallen considerably as new technologies replaced the old “lp” yet lps are still available for sale and they sell at price points higher (in some cases much higher) than CD’s. According to economic theory when demand falls, the price of a product should fall. Explain this apparent contradiction between theory and fact.
Illustrate what is the effect on the marketplace for an hour of babysitting services in Middling today, during this increased birthrate.
Which has a higher Y.T.M. and why? What would be the real return on bond A and B if the actual inflation rate is 3%?
Suppose Nation A can produce 2 million pounds of sugar per week OR 1 million pounds of rice in a week and Nation B can produce 10 million pounds of sugar per week OR 3 million pounds of rice in a week.
Use the AD/AS model to explain and show the current economic situation. Then suggest a fiscal approach to solve the current economic situation without adding any more debt. The current MPC = .80.
its marginal costs are below total average costs. If it creates an additional watch where its average total costs rise -fall or stay the same.
Three arguments used to promote trade barriers are the national security argument, the infant-industry argument, and the dumping argument. Explain each of these arguments and evaluate whether each one has any flaws
A firm in a perfectly competitive market invents a new method of production which lowers its marginal costs. Illustrate what happens to its output.
How can these leaders use their control over current taxes, subsidies and government debt to force their successors to reduce steady -state government expenditures below 900,000 goods.
Your demand for minutes of calling is given by the equation: Q_d = 150-50*P, where P is the price of a minute. illustrate what is the cost of an extra minute on the phone.
suppose you are the owner-operator of a gas station in a small town. over the past 20 years you and your rival have
What is economics? Why is economics considered a social science? What role does economics play in your personal and professional lives?
If a competing cinema reduced its prices by 10%, how would you expect this action to affect demand at Crown? How should the cinema determine an optimal ticket price?
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