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1. Governments in Australia are concerned about the high level of house prices?
Using ideas of consumer and producer surplus analyse this claim. Is there a case for price controls on housing?
If house prices reflect the discounted value of rents plus capital gains discuss tax policies that will reduce house prices. What supply-side solutions might be advanced?
This document shows the uses supply and demand model to explain the evolution of the price of gold and silver.
Write a critical commentary on the Stern review on climate change from the perspective of African nations. You can use case studies of one or more African nations.
Describe the market growth rate for product and service.
Identify which of the determinants of demand or supply are affected and also indicate whether demand or supply increases or decreases.
Describe why alternative efficient allocations may have different total levels, and different distributions, of wealth.
Assume that the demand curve is given by the following: p=100 and the supply curve is given by Q=p-25. If the government puts in place a tax of 10 that must be paid by the buyer the deadweight loss that results is equal to:
Suppose a firm has the following demand equation, Assume the company decreased the price to $2.50. Would this be beneficial? Explain. Illustrate your answer with the use of a demand schedule.
Ajax, Inc. has appointed you to examine the demand for its line of telecommunications devices in 35 different market areas.
Compute the cross-price elasticity of demand between goods X and Y at the given prices. What is the own price elasticity of demand at these prices?
Provides a detailed and well-supported explanation of the justification for natural monopolies according to economic theory.
Is energy efficiency the same thing as economic efficiency and under what circumstances would the energy-efficient automobile described here be economical efficient?
What is a market structure? Define and discuss in detail the differences between a monopoly, an oligopoly, perfect competition and monopolistic competition.
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