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Q. Explain how do changes in demand affect prices?Explain how do changes in supply in one market affect other markets?Explain how do simultaneous changes in supply and demand affect the equilibrium price?Explain how do changes in supply affect prices?Explain how do producers respond to higher prices?Explain how can we use economic analysis to compare the size of a major corporation to the size of a country?Explain how severe was the most recent recession for the United States?Is there any increases in gross domestic product necessarily translate into improvements in the welfare of citizens?What do the recent data show about trends in the percentage of woman who are working?Does more liberal disability insurance decrease measured unemployment?Are you less upset from being unemployed if unemployment is common in your peer group?How large is the bias in the CPI due to not immediately incorporating new goods?
How to calculate the elasticity coefficient between each of the seven prices and indicate whether the character of demand is Elastic.
Assume there is a drought that destroys a large portion of the tobacco crop. Explain what happen in the marketplace for tobacco.
In an article about the financial issues of USA Today, a major magazine reported that the newspaper was losing about $20 million a year. A financial analyst said that the paper should raise its price from 50 cents to 75 cents,
If the Bank of Canada sells 100 million worth of bonds to the public in an open market operation. What level of output will the firm choose? Is the firm making a profit.
Business firm that holds a global monopoly on a particular product but is currently selling the product only in its domestic market where its profits are substantial.
Calculate the Herfindahl-Hirschman Indexes for 2006 and 2011. What information does this index tell you about changes in the industry? How does this information differ from the four-firm and eight-firm indexes?
A winery estimates that the demand for its fine Owner's Select, has an income elasticity of 2, where income refers to the income per capita of its customer base.
What are the potential consequences of a country having a large overall debt? If you were in the position to implement a solution for the country's long-term debt, what would it be and why?
Why is popcorn so expensive at the movies? Argue both that a high price for popcorn is price discrimination and then argue that it is not price discrimination.
Suppose robotic technology improves the results of abdominal surgery - less time to perform the surgery, faster recovery times, and fewer mistakes. What is the impact on the market for abdominal surgery usin this new technology?
Suppose instead that use of the Sonoma county buy local currency is completely voluntary. Who is the most likely to use this currency.
Illustrate what were the major factors that have affected US household consumption While the recession in 2001
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