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1. Using the supply-and-demand model, explain what would happen to the supply curve during a drought. Also explain the effect on the price of water as illustrated by the graph.
2. We know the supply curve for water is not easily changed, (That is, it's not easy to make rain!) so let us assume a "fixed" supply (In other words, the supply curve is vertical at a given point in time). We also know during times of drought, people are encouraged to conserve water usage. Graphically, what does conservation "look like" on our supply and demand graph? What happens to price? What are the implications for the success of conservation measures and policies?
Illustrate what is the equilibrium quantity of bananas and tomatoes consumed by Marilyn and Chen.
All the costs of exhibiting movies are fixed except for the $3.50 royalty payment you must make to the film distributor for each ticket sold. What price should you charge for movie tickets?
Office building maintenance plans call for the stripping, waxing, and buffing of ceramic floor tiles. This work is contracted out to maintenance firms, and both technology and labor requirements are very basic.
Assume that the society decided to reduce consumption also increase investment. Explain how would this change effect economic growth.
q1. 1. give an example of an organization or business in your area that performs the form function and explain why you
Elucidate why housing is expensive around campus and use the concept of implicit cost to justify students' hesitation to move away from campus.
By Elucidate how much also in Illustrate what direction does GDP change as a result of his efforts.
Under what circumstance would you be no worse off if the company paid you cash instead of providing a car.
Illustrate what kind of factors are contained in u. Are these likely to be correlated with level education.
q.a researcher predictable that cost elasticity of demand for automobiles in the united states us is -1.2 while the
Clarke's workers are highly skilled artisans with a great deal of job mobility. What impact would the wage increase have upon the firm's employment.
Suppose that U.S. citizens start saving more. What does this imply about the supply of loanable funds and the equilibrium real interest rate. Explain what would happens to the real exchange rate.
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