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Demonstrate, using supply and demand analysis, the effect on the equilibrium price and quantity of new hybrid automobiles when the following occurs. Using graphs similar to the notes in Week One, describe the change in the equilibrium price and quantity, and explain your answer. Is the equilibrium price higher or lower, or is the change indeterminate? Is the equilibrium quantity higher or lower, or is the change indeterminate?
a. Incomes increase
b. Interest rates decrease
c. The price of batteries used in the production of these vehicles decreases
d. price of gasoline decreases
Assess what the results of the regression equation tells managers and how it is likely to impact decisions made related to maximizing profitability.
From the supply and demand schedules, from Belgium what are the equilibrium price also quantity of cocoa beans.
How many DVD's will she have to sell to keep the store open for an extra hour to make profit, if each DVD is $12.
The owners decide to begin spending immediately a rather large sum on advertising designed to decrease elasticity.
Smith has been trying to sell his house for 6 months although so far there are no purchasers. Draw the market for Smith's house.
What are the short-run equilibrium values of the price level, expected price level, output, and unemployment rate. Illustrate what are the values of cyclical unemployment and unanticipated inflation.
An athletic director was once quoted as saying that he felt his school spent too much on athletics but that it could not afford to stop.
What is the resulting deadweight loss relative to the competitive outcome. Compute the Lerner Index for the monopoly described in the question above.
Analyze this statement in terms of your assessment of Marx as economist also as a philosopher.
the achievement of which will not selectively also materially benefit the membership or the activities of the organization" are called.
As an advisor to the project manager, Derrick Westmuller, illustrate what set of procedures would you advise they adopt.
Illustrate If G rises to 200 and T rises to 150. How much would the GDP change as a result.
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