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In 2013 BusinessWeek Online reported that car sales in China had slowed and cited the government's bid to restrict credit to consumers as the reason. Assuming the car market in China can be analyzed with demand and supply curves, what best reflects the change in the market?
A) Supply curve shifts to the left with no change in demand
B) Demand curve shifts to the left with no change in supply.
C) Both the supply and demand curves shift to the left.
D) Both the supply and demand curves shift to the right.
Explain the relationship between price, short-run marginal cost, short-run average cost and long-run average cost in the final long-run competitive equilibrium condition. What are economic profits in this long-run equilibrium condition?
Prepare a composite (weighted) index for housing construction costs in 2008 with the following data:
Suppose that an expansionary monetary policy occurs at a particular point in time, and consider they same economy two years later, when it has returned to its long run equilibrium, (so expectations are fully adjusted). How does the interest rate in t..
Discuss the concept of a “twilight of white ethnicity". How does this concept match with your experiences of race and ethnicity in the United States? Do you believe “whiteness” will disappear as a racial and/or ethnic category sometime in the future?..
Suppose if the price of a good is $5, the quantity demanded is 100 units; when the price is $7, the quantity demanded is 80 units. Use the midpoint approach to compute the price elasticity of demand. Is demand at this point relatively responsive or r..
Create a claim using the proven technique below to get venture capital money for a new product idea. Use your own new product idea or pick an innovative product that is already on the market and act like it’s a new idea for which you are trying to ge..
List and explain the characteristics of oligopoly and compare them to the characteristics of the other 3 market structures. i. The oligopoly market structure is one of the most significant types in our economy. Please discuss the oligopoly market str..
students are required to write an essay on a significant recent economic event or activity.discuss an economic activity
Fixed costs of production in the short run: Marginal cost can be defined as the: Which of the following is true under conditions of pure competition?
Elucidate how much income in addition to his lottery earnings would Fred need to go out and find to be as well off as he was with the allowance.
Employees bear the cost and earn the returns on investments in general training and employers bear the cost and earn the return on specific training. Is this statement true, false, or uncertain? Give an economic justification for your answer.
what is the average product of capital and labor? what is the cost minimization choice of capital and labor if the firm decides to produce 144 units of output?
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