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1. Using the supply-and-demand model, explain what would happen to the supply curve during a drought. Also explain the effect on the price of water as illustrated by the graph.
2. We know the supply curve for water is not easily changed, (That is, it's not easy to make rain!) so let us assume a "fixed" supply (In other words, the supply curve is vertical at a given point in time). We also know during times of drought, people are encouraged to conserve water usage. Graphically, what does conservation "look like" on our supply and demand graph? What happens to price? What are the implications for the success of conservation measures and policies?
q1. explain how immigration between two countries could be an equalizer of wages and economical for both sending and
Assume the price charged in market 2 was $10, what would be the price charged in market 1?
Demonstrate graphically the cost of income taxation of 30% to consumers and producers for an income of $27,908 and how does the taxation change if the income was $220,874?
Assume that economy starts at equilibrium and mpc = 0.8. Illustrate what would be effect of a $500 increase in taxes once all rounds of multiplier process are complete.
For the industry you have chosen, discuss how price moves from today to the future.
illustrate what dollar amount will the profit margin.
what is the probability that sample variance would be less than 100? what is the probability that sample variance would be more than 500.
How will this change in the level of price affect the demand for money and the equilibrium interest rate.
Cost of a part increases by 3$ every 6 months. If the cost for the first semiannual period is expected to be $85, what is the present worth of the cost for a 4-year time period at an interestrate of 1% per month?
Walmart founder Sam Walton amassed an enormous fortune in discounts retailing one of the most viciously competitive markets imaginable.
Congress cannot dictate how many workers industries hire at mandated wage. Given this fact, Illustrate what are effects of this law. Specifically, illustrate what happens to employment, output and total amount earned by workers.
What is the impact of a tax cut in an economy operating under a fixed exchange rate regime on household spending, interest rates.
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