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Q. The below information about the market for chocolate bars are revealed by market research: Demand schedule, qd = 1600 - 300pSupply schedule, qs = 1400 + 700pwhere q is quantity demanded / supplied and p is price.
(a) Compute the equilibrium quantity and price in market for chocolate bars.(b) Support your answer amid an illustration which shown market equilibrium for chocolate bars which comprise x and y interrupts of the curves and label them accordingly.(c) Show and label the ‘shortage' and ‘surpluses in your graph.
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A machine is purchased for $56,000 with a useful life of 5 years, after which, it is estimated to be worth $5,000. The machine will be operating 2,500 hours per year with annual maintenance and operating costs of $6,000. Using an interest rate of ..
The total value added in the production of a final good a. exceeds the price of the final good b. equals the price of the final good c. exceeds the total payments made to owners of productive resources used in the production
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the loan results in a new checkable bank deposit in a different bank equal to the amount of the loan, explain by how much could the total money supply in the economy expand in response to Tracy"s initial cash deposit of $500.
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If instead the Fed wants to stabilize aggregate demand, how should it change the money supply..
State the appropriate monetary policy which the Bank of Canada should be operating, given the above situation.
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