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A local businessman points out that, as the price of VCR has fallen, sales have increased tremendously. The businessman cites this example as proof that the law of supply does not hold. Which of the following explanations best solves the paradox cited by the businessman?
A) Demand was decreasing during the period in question.
B) Demand was stable during the period in question.
C) Supply was stable during the period in question.
D) Supply was increasing during the period in question.
Moisture content in percent by volume (x ) and con- ductivity in mS/m (y) were measured for 50 soil specimens. The means and standard deviations were x = 8.1, sx = 1.2, y = 30.4, sy = 1.9. The correlation between conductivity and moisture was comp..
As shown in the I Love Lucy video clip, A Little Bit of Cuba and a Big Hunk of America are both in the restaurant market. Imagine the kind of market structure that restaurants in general operate in. a. Using the table provided in the AVP describing t..
Assume that securitization combined with borrowing and irrational exuberance in Hyperville have driven up the value of existing financial securities at a geometric rate, specifically from $4 to $8 to $16 to $32 to $64 to $128 over a six-year time ..
Discuss the key features of welfare reforms introduced by the federal government in 1996.Why were policy makers worried that turning welfare over to the states would result in a "race to the bottom"?
Are CDHPs more geared toward the healthier and younger population and are they effective for patients with - chronic illnesses and Will they discourage the use of preventative care and cause increased healthcare costs in the future?
a random sample of 10 economists produced the following forecasts forpercentage growth in real domestic
Performance outcome is measured by
Analyse a range of current economic issues and problems and develop and communicate economic arguments in a variety of forms.
Their parents have always liked Alfredo best, and they buy two pizza ovens and give both to him. Unfortunately, Paolo must buy his own pizza ovens. Does Alfredo have a lower cost of producing pizza than Paolo does because Alfredo received his pizz..
Compared between monopoly and perfect competitive market, there is no deadweight loss in the latter one, so the market is claimed to be the most (static) efficient. What is deadweight loss? Why the standard theory says it is bad to society? Now, DWL ..
According to the latest census, 40% of working women held full time jo. In a sample 10 working women, What is the expected number of working women held full time jobs? What is the probability that none of them held full time job
on may 6 2010 the stock market suddenly swung a thousand points. nobody really knows why. but dennis berman in the
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