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If the government were to increase taxes on gasoline, what will happen to the total government revenue? Why? What are you assuming about the elasticity of the demand curve of gasoline? What is the formula for elasticity? Would the government make more tax revenues taxing airline tickets instead? Why or why not? What assumptions are you making about the elasticity of airline tickets? Make sure to graph the demand curve for both gasoline and airlines.
q.consider an economy with the following aggregate demand ad and short-run aggregate supply sras schedules.
Elucidate how an increased federal budget deficit resulting from a recession can actually help stabilize an economy.
Illustrate what conditions would minimize the extent of manufacturing job loss associated with this price increase.
Elucidate when the monopolistically competitive firm lowers price from $16 to $12, how much does total revenue change.
Every alternative has a value for bill as described in the subsequent. Illustrate what is bill's prospect cost for attending class
the demand function for newtons donuts has been estimated as followsqx -14 - 54px 45py 0.62axwhere qx represents
1.this question is about the theory of money demand.aconsider two financial assets a and b which could be quite
Assumptions make the nation easier to understand because they simplify reality and focus our attention.
As your client is intent on investing aggressively, you will want to include the "beta" associated with each instrument relative to the S&P 500 Index.
How do the issues relating to the cases or regulations help to reduce market power and maintain competitive markets?
Illustrate what is the GDP of George's also John's island in terms of clamshells.
Illustrate what are the monopolist's profit-maximizing price and total output.
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