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Suppose that the equilibrium price in the market is $10. If the current market price is $7.50:
A. the equilibrium price will fall to $7.50.
B. competition among buyers will increase the current price.
C. the current price will fall below $7.50 as sellers compete for market share.
D. There is not enough information provided to answer the question.
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Elucidate how many units does each industry produce, elucidate how many industries will exist in this marketplace.
Provide an appropriately labeled boxplot of the data below and use a randomization test to examine whether the null hypothesis holds that male and female turtles have the same mean serum cholesterol.
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Illustrate now have to lend out how much does this bank if it decides to hold only required reserves.
You can suppose any single peaked preference which you want and Characterize the equilibria of the model.
q.you are the ceo of a new line of clothing. one of the items you manufacture is in high demand for youths 12-17 are
assuming economy is in a long run equilibrium, show fraction of total output earned by labour and fraction of total output earned by capital. Explain why, in long run, firms make zero economic profits in this economy.
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Both antitrust policy and industrial regulation deal with monopoly. Illustrate what distinguishes two approaches. Explain how does government decide to use one form of regulation rather than.
Suppose you win a lottery, and your after-tax gain is $40,000 per year until you retire. As a result, you decide to work part time at 32 hours per week in your old job instead of the usual 40 hours per week. Calculate the annual income effect on hour..
The Madison location is the central headquarters for Badger Widgets. They have a full IT staff along with an established network infrastructure that includes Windows Server 2008 servers
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