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Assume that the government places a 50 percent tax on widgets. Neither the demand for widgets or supply of widgets is perfectly elastic or inelastic
Draw a graph showing how the tax will affect the market.
Where does the incidence of the tax lie? Explain.
q1. bob consumes two commodities x and y say chocolate and classical music. more y never hurts but in order to enjoy y
If the reserve requirement is changed to 5 percent, Explain how much can First Bank lend and by Explain how much can the money supply be expanded.
explain the future consequences of this action on the economy and the inflation rate. Please indicate the documentation on your research.
Population growth in developing nations has proceeded at unprecedented rates ower the past few decades.
q.for the questions below write an explanation of the short-run effect including the determinant of ad or as that is
Economists have argued that rent control is "the best way to destroy a city, other than bombing." Why would economists say this. Illustrate what problems might it face in the future.
Write down a formula that describes the marginal product of labor in the short run as a function of the amount of labor used.
A typical policy will pay the replacement cost of $2500 if the boat is a total loss.
In terms of the consumer theory set forth in this chapter, can you explain the meaning of the following statements? a. "I think you get more for your money from Nike than from Reebok." b. "I wanted to buy a Boxster rather than a Malibu, but it just w..
Good 1 is a normal good and good 2 is an inferior good. Using 3 budget lines and 2 indifference curves, illustrate the effect of an increase in P2 on the consumption of both x1 and x2. Label income and substitution effects for both goods
Can you share the economic development strategies also quote some examples of Elucidate how Singapore also US use them.
What is the impact of a tax cut in an economy operating under a fixed exchange rate regime on household spending, interest rates.
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