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If the price of a candy bar goes from $1 to $2 and the quantity demanded goes from 1000 to 750 which of the following is true?
A. This suggests that this product is a complimentary good.
B. This suggests that this product is a substitute good.
C. This product has a an elastic demand curve.
D. This product has an inelastic demand curve.
E. This product is an inferior good.
What is the value of the economic's MPC. Data applies to an economy with only two sectors-households and firms no government or export.
According to Trabant and Uhlig (2009), the Laffer curve for consumption has no peak. As far as I can make out, the argument is based on the fact that money extracted by taxing consumption ends up back with consumers and then gets taxed again. However..
The government has the ability to influence the level of output in the short run using monetary and fiscal policy. There is some disagreement as to whether the government should attempt to stabilize the economy. Which of the following are arguments i..
Each of the five nations that have been asked to bid for the broadcast rights for the London 2016 Games. Prepare to negotiate prices and other organizational details.
Explain also by using graphs welfare off policy measures on consumer and producer surplus and net gain or loss to society.
week 10 profit please respond to the following determine two to three 2-3 reasons why vectorcal may not always receive
You expect to rent out a vacation home on Sanibel Island for $800 a month as an investment. Upkeep is estimated at $3,000 a year. If the current market interest rate is 5 percent, you are willing to pay __________ for the house.
If se economists ignore possibility of crowding out, illustrate what would they approximate marginal propensity to consume (MPC) to be
Identify a company that has had a recent ethical failure. What intrigues you about this specific company? What was the company known for before the problem? How would you describe its culture? Was it generally well regarded?
Using the broken window fallacy as described in “In The News” (p. 14 of Principles of Microeconomics), explain why some journalists, policy makers, and others proclaim that natural disasters are good for the economy in terms of eliminating old infras..
Explain what is the difference between firms in monopolistic competition and firms in oligopoly. What does this difference mean for prices and quantities and for economic profit?
Many businesses claim that the threat and cost of being sued for damages is a very expensive cost of business. So, one one side, there is the argument that caps, etc. will help businesses keep open. On the other side is the issue of accountability. I..
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