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If consumer incomes increase, the demand for product Y:
A) will necessarily remain unchanged
B) will shift to the right if Y is a complementary good
C) will shift to the right if Y is a normal good
D) will shift to the right if Y is an inferior good
Explain the purpose of an agreement template and why a written agreement best serves to generate commitment to the agreement
Assuming that wheat and barley both sell for $1, and income is $20, compute the price elasticity, cross price elasticity and income elasticity for wheat.
Suppose that long term interest rates in the economy were increasing due to strong economic growth and demand for loans in the world economy. Meanwhile suppose that the Fed was holding down its federal funds rate target. What would probably be happen..
Illustrate what effect do rising interest rates have on the value of the Australian dollar. Use an AD/AS diagram to show the effects on Real GDP and the price level of an appreciating Australian dollar.
Assume a consumer who buys cola and ice cream for snacks. Assume that the price of ice cream increases. Which of the following is an example of the substitution effect.
What is the annual worth for option A if the initial cost is $100 and there is a uniform annual benefit of $10 for an infinite time frame? Interest rate is 8%. Do not put $ in answer.
You are the manager of Copies Are Us. The only other copy store in town, the Carbon Copy, recently got bids on adding a color copier. You must decide whether to obtain a color copier, but you can base decision on what your rival does.
The Prestige Office Equipment Company produces and sells different types of office furniture. One of the important items it sells is a high quality desk. Assume the variable unit cost per desk in the coming year will remain the same. Evaluate the pro..
q.a central bank finds itself in the following situation the national economy has been in a slump for several years but
Discuss equations for and graph the variable cost, average variable cost, and marginal cost of cleaning classrooms.
Which of the following is a valid reason as to why prices will not always adjust to changes in spending?
Illustrate what is happening to the housing market in your area. Are you still seeing alot of forclosed homes?Can you describe the housing demand and supply factors.
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