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A 5 percent fall in price of chocolate leads to 10 percent rise in its demand. what is the price elasticity of demand for chocolate?
Explain why would you expect the inflation rate to accelerate if the actual unemployment rate declined.
kermit is considering purchasing a new computer system. the purchase price is 100000. kermit will borrow one-fourth of
Depends on the ideas, explain with which of the two economists do you agree more and explain why.
Can use outside sources to support but need to be valid. Identify the major firms in the industry. Determine to the extent possible the relative Market shares of these firms.
It seems apparent that the current macroeconomics situation in the US is bit difficult in numerous ways. Situations relating to employment, inflation, monetary and fiscal policies have been detrimental to US citizens who have undergone a trembling..
Two workers affects the income of five different groups:
suppose that in 1984 the total output in a single-good economy was 10000 buckets of chicken and the price of each
Why is that a profit maximizing businessman would always raise prices when facing an inelastic demand curve, but might or might not raise prices when facing an elastic demand curve? explain and justify your answers in detail.
Often it is claimed that banks create money by making loans. How can commercial banks create money? Is the government the only institution that can legally create money?
You decide to go tubing this weekend. It costs $50 for transportation, $50 for lodging, $40 for tubing lift tickets and you could have earned $200 as a waiter. What is the total cost of the tubing weekend?
Analyze why the prices of gasoline rose so high over the summer. Was it because OPEC cut back production and the number of people driving was more Illustrate this using a graph showing a decrease in supply coupled with an increase in demand, resul..
consider the following simple linear regression model.yi beta1 beta2xi ei i 1... npart i we are trying to find the
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