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Complete the Supply and Demand Simulation located on the student website.
Write 700 - 1,050-word paper of no more than summarizing the content. Address the following:
Identify two microeconomics and two macroeconomics principles or concepts from the simulation. Explain why you have categorized these principles or concepts as microeconomics or macroeconomics.
Identify at least one shift of the supply curve and one shift of the demand curve in the simulation. What causes the shifts?
Explain how the price elasticity of demand affects a consumer's purchasing and the firm's pricing strategy as it relates to the simulation.
A hurricane in South Carolina damages the cotton crop.
assume that the government imposed a price ceiling on gasoline in order to prevent prices from getting too high. what
gdp grew much at a much faster4.8 percent rate in the october-december quarter but analysts said that growth masked
Define this his average valuation as E[v].
A 1996 nill reforming the federal goverment's antipoverty programs limited many welfare recipients to only two years of benefits.A. How does this change affect the incentives for working
suppose you are lending 1000 to your friend. you want to get a return of 3 but your economist informs you that
Object of economic analysis is not merely to discover the truth but also to assist in the solution of concrete problem. comment
Illustrate with a graph how the PPF presents a strong rationale for the plausibility of the law of supply and supply and demand graphs indicating the change in equilibrium price and quantity.
Country A and country B both have the production function: Y=f(K,L)=K^(1/2)L^(1/2)
Demand and supply
Suppose that you are a government official in charge of your country's fiscal policy. The country maintains a flexible exchange rate system. You are asked by your country's citizens to use fiscal policy alone to expand the country's..
The producer surplus compare to the total fixed costs incurred
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