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Evaluate how the following situations will affect the demand curve for ipods.
A. Income statistics show that income of 18-25 year old have increased by 10% over the last year.
B. Efforts of music artists wanting greater protection of their music result in more stringent enforcement of copyrights and the shutdown of numerous illegal downloading sites.
C. Believing that it has significant control of the market for portable digital music players, Apple decides to raise the price of ipods with the goal of increasing profits
D. The price of milk decreases
Developing countries in the "Global South" turned to socialism in the past as a means to solve their economic problems.
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Using an aggregate supply diagram and aggregate demand or model of the economy, graphically explain and discuss the short-run and long-run effects.
"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"
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Calculate the elasticity of demand and elasticity of supply at each price change in the market for financial calculators
Constrained optimisation model
Economics of Markets and Organizations
MICROECONOMICS
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