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In economics, demand for a product is considered downward sloping. This implies that quantity demanded rise when price reduce. Is this always true? Name some products for which the quantity demanded remains unchanged regardless of the price. Also, mention some products for which quantity demanded increases when the prices increase. Give appropriate examples and justify your answer.
describing market trends with disney theme parks also supply and demand analysis whereas impact of government regulations.
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Eluidate the difference among comparative advantage and absolute advantage.
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In the text we mentioned how Levi Strauss price discriminates between the European and American markets. This question is designed to help you analyze this situation.
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What measures and tools does Federal Reserve have at its disposal to address economy. What has the Fed employed in the past two years to help economy?
What would be the effects on employment and unemployment given the actions taken by the Fed.
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