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What is the effect of an import quota on the supply and price of domestic sugar?
The domestic demand and supply for sugar are Qd = 40,000 - 200 P and QSD = 10,000 + 300 P. The foreign supply is QSF = 20,000 + 100 P. What is the total supply of sugar in the domestic market? What is the domestic market price of sugar? Suppose an import quota of 5,000 is imposed in the domestic market. What will be the new market price of sugar? How many units of sugar will domestic produces supply after the quota is imposed?
If a representative firm with long-run total cost given by TC = 50+2q+2q^2 operates in a competitive industry where the short-run market demand and supply curves are given b
Real GDP is 15.4 trillion and Potential is 15.8 the purchase multiplier is 2 and the tax multiplier is -1.6 how much does the government need to spend to increase the GDP .4 t
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What is the current minimum wage in the U.S - what is the minimum wage for workers who receive tips and what is the current minimum wage for the state that you live in
Beth plans to manage the business, which means that she will have to quit her current job. Suppose that the interest rate (or rate of return) on investments in the economy i
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