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Write about what factors cause "changes in demand" or "changes in supply" -- anything that is not the price of the good or service. Then, post ONE example of how the weather, our economy or other factors affect the demand OR supply for a good or service that you know of or that you consume. One well-crafted paragraph will be enough for this topic. The examples I am asking for should refer to a specific increase or decrease in demand, or in supply.
The recurrent ups and downs in the level of economic activity extending over several years are referred to as business cycles. What are the phases of this cycle and describe what occurs in each phase?
Which of the following statements are true according to the previous graph? Check all that apply. The marginal-cost curve lies above the average-variable-cost curve. The marginal-cost curve is below the average-total-cost curve when output is less th..
How do the salaries of major league baseball rookies and free agents demonstrate the market principles of supply and demand?
Explain how buyers’ willingness to pay, consumer surplus, and the demand curve are related. Explain how sellers' costs, producer surplus, and the supply curve are related.
Assume that you borrow $15,000 for five years (annual payments) at a market rate of 5%. Assuming that inflation is 3.5%, what would the equivalent equal annual payment be in constant dollars? What is the Actual dollar amount of a $15,000 constant dol..
A local car dealer is advertising a 24 month lease of a sport utility vehicle for 520 payable at the beginning of each month. the lease requires a 2500 down payment plus a 500 refundable security deposit that is refunded at the end of the 24 month le..
The story of entitlements such as health care and welfare payments to the elderly in the US is pretty ----. This is partly because these payments form---part of the government budget and they are----
Explain why a mortgage-backed security becomes riskier when the values of the underlying houses decline. What, as a result, happens to the price of the mortgate-backed security?
What could firm A do to make its threat credible without building excess capacity? Will firm A use the low price as a threat if firm B enters?
Proposals to raise the minimum wage rate are often opposed with the argument that such a move would not only cause an increase in the unemployment rate but would also hurt the very people it is intended to help. Is there any validity to that argument..
The manufacturer of a small utility trailer is interested in comparing the amount of fuel used in towing the trailer with that required to overcome the weight and wind resistance of a rooftop carrier. Under similar conditions, 10 trips with the rooft..
Scores on the SAT verbal test in recent years follow approximately the N(515, 109) distribution. How high must a student score in order to place in the top 5% of all students taking the SAT?
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