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Not too long ago Hurricane Sandy hit the northeast portion of the United States, causing serious and costly damage. Given what you've learned this week, what can we conclude probably happened to the price of portable generators? To the price of food? Don't do any research to determine what someone else thinks about this question. Just apply the principles of supply and demand you learned this week. Explain your answers graphically. Just get a pencil and paper and draw a market for portable generators in equilibrium and then show the changes you want to make. Do the same for food. Explain to your group members what you have concluded and why. Explain how you drew your graph too. How did you label the axes? How did you find equilibrium? What curve(s) shifted, if any, which direction did they shift and why? If it's easy to attach a copy of your graph for your group members to see, feel free to do so. This is not a requirement, though. You must be able to verbally explain how you drew your graphs.
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Assume the price falls to $ 7.50. What think would be a short-run impact on the production of the company. What would be the long term.
What would this event cause the demand for the dollar to increase or decrease relative to the demand for the pound.
Compare the unemployment rate in the state of New Jersey to the national average of the past four years. Compare the trends in relation to the types of unemployed workers in the state of New Jersey. Compare the trends in relation to the types of unem..
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George and John, stranded on an island, use clamshells for money. Last year George caught 300 fish and 5 wild boars. John grew 100 bunches of bananas. In the two-person economy that George and John set up, fish sell for 3 clamshells each, boars sell ..
why do points on a utility possibility curve represent efficient allocations of resources? why must the utility
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Estimate the level of sales next year if CFC reduces Px by 10 percent and increases advertising by 20 percent, Income rises by 5 percent, Py is reduced by 10 percent, and Pm remains unchanged. By how much should CFC change its advertising if it wants..
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