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Please give your answers in writing and with use of relevant diagrams and indicate what will happen to the price and the quantity of equilibrium sales under each circumstance.
Demand for refrigerators is often described as cyclical and very sensitive to refrigerator prices and interest rates. Given these characteristics, describe the effect of each of the following in terms of whether it would increase or decrease the quantity demanded/supplied or the demand/supply for refrigerators. Moreover, when price is expressed as a function of a function of quantity, indicate whether the effect of each of the following is an upward or downward movement along a given curve or instead involves an upward shift in the relevant demand/supply for refrigerators. Please give your answers in writing and with use of relevant diagrams and indicate what will happen to the price and the quantity of equilibrium sales under each circumstance.A. An increase in interest ratesB. A severe economic recessionC. An increase in income of middle income AmericansD. Workers succeeding to form a labor union in many refrigerator plant around the countyE. Increased competition among the domestic producers and the foreign imports following the approval of accepting China as a member of WTO.
Use the price-cost formula to determine whether or not the firm's operations are productively-efficient. (e) Use the price-cost formula to determine whether or not the firm's operations are allocatively efficient.
Discuss how each of the following will affect the marketplace clearing price and quantity in each market. How does the supply and/or demand curves will shift in the following cases.
Assume an economy in which the reserve ratio is 15 percent, people hold 10 percent of their deposits in the form of cash, and there are no other leakages.
Explain how will these events impact the equilibrium price and quantity of generic soft drinks.
Illustrtae what does the agent choose if the terms are worse than actuarially fair.
Illustrate what factors will increase or decrease the level of international capital mobility between one nation and the rest of the world.
Is the demand for electricity much price elastic when measured over a short period of time or a long period time. Explain.
Questions on Long-Run Labor Demand and Factor Substitutability, Own-price elasticity, Cross-price elasticity
You are the manager of an organization in America that distributes blood to hospitals in all 50 states and the District of Columbia.
Describe in breif its potentials and limitations for reducing poverty and spurring grassroots development in LDC.
what are the implications for economic growth and development for these nations.
Milton Friedman faiths in a steady growth monetary policy. Illustrate what does that mean and critique this approach.
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