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Which of the following demonstrates the law of supply?
a. When the price of leather belts rose, leather belt sellers increase their quantity supplied of leather belts.
b. When car production technology improved, car producers increased their supply of cars.
c. When sweater producers expected sweater prices to rise in the near future, they decreased their current supply of sweaters.
d. When ketchup prices rose, ketchup sellers decreased their quantity supplied of ketchup
Explain the implications of those classifications on tax revenue collections when the per-unit tax increases as opposed to decreases.
Could not Ethiopia become a world class producer and exporter of goods? How would Ethiopia compare with Japan? Japan is a country relatively POOR in natural resources, yet it is an economic world powerhouse. What are the differences between the tw..
List out three problems of decentralized power that existed under the articles of Confederation . For Each problem you listed, identify one solution that the Constitution provided to adress the problem.
Assume the price charged in market 2 was $10, what would be the price charged in market 1?
What amount should be amortized for year ended December 31, 2007. On January 1, 2007, Alatorre incurred organization costs of $275,000. What amount should be expensed in 2007.
analyze the graphs and briefly describe the similarities and differences between the short and long run operation of each business
q1. why the short-run demand for gasoline is less elastic than the long-run demand when the price of gasoline rises
Discuss the current monopoly to provide a brief overview of the company. How did the monopoly arise? Did the monopoly increase barriers to entry?
Illustrate what are some more common restrictions on the activities of multinational corporations in host countries
Due to a technical breakthrough, the fixed costs for a firm drop by 25%. Prior to this breakthrough, fixed costs were $100,000 and unit contribution margin was and remains at $5.00. The new amount of break-even units will be?
Should policymakers use monetary and fiscal policy to minimize fluctuations in aggregate levels of economic activity. Evaluate pros and cons of active.
Which nation has comparative advantage in wheat production? In cotton production. Which nation has absolute advantage in wheat production.
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