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Suppose the demand for pizza is given by Q=40-2P and the supply of pizza is given Q=P-8. if the price of pizza is $19, which of the following is true?
a. there will be excess demand of 8 pizzas
b. there will be excess demand of 10 pizzas
c. there will be excess demand of 6 pizzas
d. there will be excess demand of 9 pizzas
Compute the equilibrium level of income. Illustrate what is the level of consumption at the equilibrium level of income.
How can two countries both be better off as a result of trade? How can tariffs protect U.S. jobs? Do tariffs lead to a net increase in jobs?
Will I be better or worse off as a result of taking out this loan. Can you create a case for legalizing loan sharking.
Forecast Ace weather's mercury requires for January, April, July, September also December of 2007. The following actual also forecast values of mercury requires in the month of November have been recorded.
Explain how do I draw a production possibilities curve for 2 products in an economy if a natural disaster affects one but not the other.
Discuss the Federal Reserve's assessment of the current economic activity and financial markets. Elucidate the Federal Reserve's current view about inflation.
Presently, at a price of $1 each, 100 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply.
discuss several ways in which greater educational opportunities for young women could lead to faster economic growth in these countries.
A typical policy will pay the replacement cost of $2500 if the boat is a total loss.
Illustrate what happens to the equilibrium price and quantity in each market. Which product experiences a larger change in price.
Calculate the cross-price elasticity of demand. Given the elasticity you calculated, did it make sense for supermarket to raise its price.
Suppose you are the manager of a home-building company and the government is considering eliminating the deduct-ability of mortgage payments interest.
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