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Given the initial demand and supply curves for prescription drugs and an equilibrium price and (3) questions ) quantity, select from the list below the ones that the direction of change will be to the right.
Which three will be at the right
Consumers become more enamored with the wonders of modern drugs.
Consumers become better educated about the dangers of taking excess drugs.
More consumers enter the market. (upward) The price of nonprescription drugs, which are substitutes, falls.
The price of bottled water, a complement, falls.
Now assume that once he earns $400 he loses all his food stamp assistance. How does this change his budget constraint.
Why is depreciation of capital good a cost of society. In illustrate what ways does a person's health depreciate. Why might older people's health care expenditures increase in Grossman model even though their desired health stocks may be lower.
Zelda Industries is the only firm of its kind in the world. Due largely to historical accident, it began producing streganomas in 1985 in a vacant warehouse. Virtually anyone with a degree in college chemistry could easily replicate the firm's formul..
Demonstrate the short-run effect of this tax cut using the IS-LM model also the AD-SRAS-LRAS model. Illustrate what will take place to o/p also the interest rate.
Write a 4-5 page paper in which you: Develop and discuss a relationship that can be modeled with a simple regression. State the model in mathematical terms. Estimate the model and interpret the meaning of the coefficient estimates. Discuss a hypothes..
A second firm is considering entering this market. What variety should it offer. What prices will the firms charge.
Top four firms in Industry B have market shares of top four firms in Industry B have market shares of 15,12,8 and 4 percent, respectively. Calculate four-firm c0ncentration ratios for two industries. Which industry is more concentrated.
Differentiation between market structures, competitive strategies and the positive or negative impact on the organization with industry specific analysis. Identification of the competitive strategies and the effectiveness of the same. Recommendations..
An auto producer announces a credible three-year development plan to introduce a car with a revolutionary new engine capable of 100 miles per gallon. Describe the likely impact of the introduction on the price of gasoline during the three-year period..
Suppose that GDP is $49,081, taxes are $7,478, consumption is $13,848, transfers are $5,073, and government spending is $10,880. What are national savings?
The deadweight loss from a tax is:
The rate that does aggregate output, aggregate investment, aggregate consumption as well as per- capita income grow in this steady state.
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