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1. The key condition for equilibrium to occur in a market is: A. the demand curve equals the supply curve. B. quantity demanded equals quantity supplied. C. price equals quantity. D. demand for one good equals demand for all other goods.
2. Without taxes, the market price per bag of apples is $5. With a $2 tax per bag of apples, buyers now pay $5.75 per bag. What is the final price per bag of apples received by sellers? A. $5.00 B. $7.75 C. $3.00 D. $3.75
3. Which of the following is a reason why the demand curve for an item would be more elastic? A. The item is a necessity. B. People's incomes are very high relative to the cost of the item. C. The item has many very good substitutes. D. The cost of the item forms a very small part of the consumer's budgets.
What are the four roles that states can play in negotiated global environmental regimes? What determines what role a state might play? Why do states sometimes shift roles?
John has two job offers when he graduates from college. John views the offers as identical, except for the salary terms. The first offer is at a fixed annual salary of $50,000. The second offer is at a fixed salary of $20,000 plus a possible bonus of..
Determine the present worth of 5 equal annual deposits of $1,150 at the end of years 1 through 5, followed by 4 equal annual withdrawals of $700 at the end of years 4 through 7. Note that both years 4 and 5 will have a deposit and a withdrawal. Inter..
Stanley's profit-maximizing output, price, and profit if he were allowed to set his own price instead of having to charge $0.80.
Illustrate what would happens to P* if there is a decrease in demand followed by an increase in supply followed by another decrease in demand.
A woman with a taxable income of about $100,000 has a federal incremental tax rate of 26% and a provincial incremental tax rate of 12.29%. What is her combined incremental tax rate?
the various types of vehicles that can be used by clients to reduce the various kinds if taxation.
Suppose the demand for pizza is given by Q=40-2P and the supply of pizza is given Q=P-8. if the price of pizza is $19, Illustrate which of the subsiquent is true.
If workers enroll in a savings plan and are asked to check a box to opt out of it, we are seeing an example of a nudge involving:
Illustrate what are some of the downside risks also potential problems involved when using fiscal policy.
Provide reasons to explain what government would have to do to keep the unemployment rate at 3 percent."
Find out the equilibrium price and quantity that will prevail in the market. At a price of $10, would there be a surplus or shortage.
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