Offer one good or service that you think

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Q1. Offer one good or service that you think would be considered highly price elastic ,one that you think is highly inelastic and Elucidate why.

Q2. The last $200 of Mary's wealth adds more to her utility than another $200 would. Based on this information, Mary's utility function

Q3. If the money supply is 100 billion, Nominal GDP is 800 billion and the Real GDP is 200 billion. Illustrate what are the price level and velocity?

Reference no: EM1317823

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