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Assume that the demand is represented by the following relationship: Q=30-2P. Based on this, what is the point elasticity of demand (in absolute value) when the price is 10?
1)a )Explain the role of banks on the money supply. What is money multiplier? Explain.b) If the Central Bank increases the required reserve ratio what will happen to interest rate? Using appropriate diagram, show equilibrium in the money market.
where f is the dimensionless function (which must have dimensionless arguments in order to be dimensionally consistent! - for any smooth function this can be proved via a Taylor series expansion)
Explain the authors opinion of economic cooperation between the u.s. and canada and information from the article that support explanation.
Is there sufficient evidence that the mean percentage of carbon-14 remaining in the vegetable pulp differs for the different concentrations of acetonitrile used in the extraction process? Give bounds for, or use the appropriate applet to determine..
What are the efficient price and quantity on graph? What are the free-market price and quantity and efficient and free-market outcomes
Which of the following is often referred to as the basic postulate of economics?
in many countries expeditors can help you cut through layers of bureaucracy so that you can get your business done or
Develop a theory or hypothesis about some economic relationship - Based on your theory and research, specify a mathematical model of your theory.
Assume that this economy is closed to world trade. Calculate the equilibrium quantity, price in the market for books
consider a perfectly competitive market in long-run equilibrium where all firms operate under the same cost conditions.
discuss measuring income distribution using a geometic representation called the lorenz curve. explain the theories of
Does the potential tax base gained by legalization of marijuana a trade-off for the change in policy?
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