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If passengers can in effect sell their confirmed reservations when a seat shortage arises, why can't passengers sell their right to land at a crowded airport when a shortage of landing slots arises? Provide references please.
suppose there is a sudden and permanent decline in potential GDP. Describe the behavior of prices, output, interest rates, consumption, investment, and net exports.
Explain how does your graph relate to the other two graphs. What do any of these graphs have to do with price discrimination.
Assume that Congress imposes a tariff on imported autos to protect the U.S. auto industry from foreign competition.
The equation for the demand curve for hotel rooms in Boston is given by P=5000-0.48Qd. The supply curve is given by P = 0.02Qs. Prices are nightly rates in dollars.
1. a woman and her son are debating about the average length of a preachers sermons on sunday morning. despite the
Assume the price elasticity of demand for heating oil is 0.7 in the long run also 0.2 in the short run.
q.a researcher investigating the uns millennium development goals looks at schooling in lusitania. he takes a sample of
q.a computer manufacturer developed the following demand curve.q - 700p 80i - 500s 0.01awhere p is the price of a
Now suppose the factory develops an innovation that allows it to produce a shirt for the equivalent of 1 loaf of bread. What is the new radius of the factory's market area.
How much does consumption change this year in absolute dollars ($ ΔC) as a result of a $5,000 annual tax cut to your income, if the tax cut.
one laborer can only produce either 5 unots of necessity per month or 10 units of luxury per month. On a graph draw the ppf. where does the ppf intersect on thy axis and where does the ppf intersect on the x aaxis.
q1. the average 15- year- old purchases 12 cds and 15 cheese pizzas in a typical year. if cheese pizzas are poorer
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