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Price elastcity and burden of sales tax
Why does the burden of sales tax fall completely on consumer when the price elasticity of demand is perfectly inelastic; the seller when perfectly elastic. and the prefect inelastic supply and perfectly elastic supply.
Suppose that the town of Grayrock had a population of 10,000 in 1998 and a population of 12, 000 in 2003.
The demand for watermelons is highest during summer also lowest during winter. Yet watermelon prices are normally lower in summer than in winter.
As the author listed as the 1st profit of creation of approx 1000 private sector jobs. Describe the logic of this statement.
Use the price-cost formula to determine whether or not the firm's operations are productively-efficient. (e) Use the price-cost formula to determine whether or not the firm's operations are allocatively efficient.
Illustrate how is the magnitude of each affected if, instead of a moderate inflation, hyperinflation occurs.
As the economy begins to recover from a recession and more people go back to work.
During the period of airline regulation, the government set airline fares and regulated an air carrier's entry into and exit from particular markets.
The organization you wish to pursue will convert existing hybrid Toyota Prius automobiles to plug-in hybrid vehicles.
Elucidate what factors move the marketplace away from equilibrium.
Who has the responsibility to decrease or eliminate unemployment. What is the role of business
Illustrate what would be a monetary policy prescription to reduce or eliminate deflation. How would deflation affect your business or a business you are familiar with.
Lawn mowing services are supplied by a host of individuals in the suburb of Westbrook-Algebraically determine the equilibrium industry price/output combination.
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