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Construction contractors are the buyers of Portland cement, a key ingredient in concrete. Neither construction contractors nor their customers use much coal. Portland cement is produced in large coal-fired kilns, so Portland cement producers use a large amount of coal. What is the effect of an increase in coal prices in the market for Portland cement?
Consider a supply and demand model of the wholesale gasoline market. If a tropical storm forces some refineries to temporarily withdraw from the market, what curve shifts and in which direction?
Beef has a positive income elasticity in Chad. What would happen in the Chadian beef market if incomes grew during an economic recovery?
Illustrate what role did the policies of various governments play in the influencing the international expansion strategies of both McDonald's and Wal-Mart.
A consulting company estimated market demand and supply in a perfectly competitive industry and obtained the following results.
Explain was the demand for its hamburgers elastic or inelastic. Evaluate the accuracy statement.
When government becomes heavily involved in tax-transfer activities, how will this involvement affect economic efficiency.
Draw the Hick's income and substitution effects for c1,c2 in c1,c2 space if the interest rate decreases to .05.
Wal-Mart is often criticized for importing many of the goods they sell. Why do they buy goods from foreign markets.
Include an example in which the government has used either economic or social regulatory activities. Illustrate do you agree with this regulatory activity.
q1. if american cheese also cheddar cheese are substitute afterward which of the following would increase the demand
Discuss the two types of inflation. Explain the differences and give an example. Explain what, if anything can be done to avoid either type?
Consider if the government instituted a 10 percent income tax surcharge. In terms of the AS/AD model, this change should have
a) What these numbers mean and how can they assist his business? What he needs to do to "make more profit"?
what are factors that determine the volume of production
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