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Q1. In the text we assumed that the condominium purchasers came from the inner-ring people-people who were already renting apartments. What would happen to the price of inner-ring apartments if all of the condominium purchasers were outer-ring people-the people who were not currently renting apartments in the inner ring?
Q2. Study Plan Problems and Applications1. Rain spoils the strawberry crop, the price raises from $4 to $6 a box, and the quantity demanded decreases from 1,000 to 600 boxes a week.a. Calculate the price elasticity of demand over this price range.
b. Describe the demand for strawberries.
Find the equilibrium values of the real interest rate, consumption, investment, and the price level.
Find the equilibrium price and quantity algebraically. If tourists decide they do not really like T-shirts that much, which of the following might be the new demand curve.
What is output that should be produced to achieve economic efficiency and the value to society for correcting the externality.
Electoral College system take a country named know land that has. Suppose there are 9 small states in know land where each have 1 million people in.
Given the demand and cost conditions, what price, output and profits result in the short run? What will happen as the firm moves from the short to the long run
Disposable personal income equals personal income and two factors are the keys to determining labour productivity
The Australian government administers two programs that affect the market for cigarettes
George and John, stranded on an island, use clamshells for money. Last year George caught 300 fish and 5 wild boars. John grew 200 bunches of bananas.
Briefly discuss the impact of rational self-interest on each of the following decisions. Whether to attend college full time or enter the workforce full time.
Which of the government policies below is not likely to encourage per capita economic growth.
Suppose the point of tangency that characterizes long-run equilibrium for a monopolistically competitive firm occurs at Q1 units of output.
It comes to global expansion and setting up affiliates aboard, how is a service company's focus different from that of a manufacturing company
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