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In 2007, the price of gasoline in Canada was higher than it had been in 2006. Also in 2007, more gasoline was purchased in Canada than had been in 2006. According to the law of demand, higher prices cause lower quantities demanded, not higher. Use graphs to explain three potential reasons what might have happened to bring about a higher price and a higher quantity sold in 2007 than in 2006 if the supply and demand curves had their normal shapes.
Supposed that it costs $400,000 to build the new store and assume that the new store will generate revenues of $450,000. what is the rate of return on this investment.
"The expansionary policies implemented in Australia in 2008/9 by the Rudd Government and the Reserve Bank of Australia were unnecessary and will result in a period of unwanted inflation".
industry a has market shares of 50 30 and 20. industry b has market shares of 45 40 and 15. hint hhi ? si2 where si
Suppose that you are a government official in charge of your country's fiscal policy. The country maintains a flexible exchange rate system. You are asked by your country's citizens to use fiscal policy alone to expand the country's..
1) Suppose the average variable cost equation for a competitive firm is given by: AVC=10 - 2Q + 0.5Q2 a)At what output is AVC at a minimum b) If the market price of the firm's output is $7 per unit, should the firm produce or shut down
Write a 700- to 1,050-word paper in APA format describing the effects of taxation and price controls on the economy.
There is an Arithmetic Gradient Income from years 6-10 with a Base Annuity of $500.00 and an Annual Gradient G of +$50.00
Does LRMC =MR for Competition? Does LRMC =MR for Monop. Competition? Does LRMC =MR for Oligopoly? Does LRMC =MR for Monopoly? Does P=AC for Competition?
Suppose an economy has 10,000 people who are not working but looking and available for work and 90,000 people who are working. What is its unemployment rate?
Pooling is used in calculating the standard error for the difference between means when the population standard deviations are unknown, for which of the following reasons?
Assume that the MPC is .8 and that $10 trillion of real GDP is currently being demanded. The government wants to increase real GDP demanded to $11 trillion.
Suppose that the ecomony is operating below full employment and that it will not overheat during the year.
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