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suppose the demand curve for a product is given by Q=10-2P+Ps1,where P is the price of the product and Ps is the price of a substitute good. the price of the substitute good is $2.00. a)suppose P=$1.00, what is the price elasticity of demand? what is the cross- price elasticity of demand? b)suppose the price of the good, P, increases to $2.00. Now what is the price elasticity of demand, and what is the cross-prices elasticity of demand?
Elucidate how do Keynesian and Real Business Cycle economists differ on the right response to Japanese stagnation.
Give salary subsidies to firms that hire the less-advantaged. Initiate a federal training program the raises the skills of poor individuals.
Determine the four phases of the business cycle? How long do business cycles last and how do seasonal variations and long-run trends complicate measurement of businrss cycle?
Determine which of the following explain the attitude of most economists towards the United State based automobile sector?
Ralph came to you, his lawyer, for advice and redress. He tells you his story and asks what he can do. You patiently explain to Ralph there are two theories of sexual harassment to pursue. What are they? And what are the elements of each theory..
Elucidate the price should you charge for a midsized automobile if you expect to maintain your record sales.
What is the value of the money multiplier and What are the nominal values of deposits, currency, and reserves
What is a discouraged worker? Are they included in the basic unemployment rate? Are they included in any measure of unemployment? How has the number of discouraged workers changed since 2008? How does the exclusion of the discouraged worker affect..
As the manager of monopoly, you face potential government regulation. Findout the monopoly price and output.
Compute the total cost of providing this insured service to the plan before and after the change in coverage.
Currently one argument against the continuation of state regulation of insurance and one argument.
Fully discuss the method by which the Federal Reserve uses the banking system to create new money.
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