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The price of garlic in China increased forty-fold between March and November 2009. Due to low prices in the previous year, the amount of land set aside for growing garlic in 2009 have been halved in Chinea. As well there been rumours that garlic could help prevent swine flu. It was reported that a high school bought 200 kilograms of garlic and made students eat it to stay healthy. using the supply and demand model explain why the price increased in china in 2009.
The question is from economics and it is explain about the income elasticity of demand for various goods and services are discussed in the answer.
Please write a three paragraph summary due next week regarding either the documentary "Inside Job" or "Capitalism: A Love Story." Discuss the financial crisis and how the current state of capitalism impacted average Americans.
What explanation for monetary impotence was supported by the events of the Great Depression?
You are the manager of Local Electronics Shop (LES), a small brick-and-mortar retail camera and electronics store. One of your employees proposed a new online strategy whereby LES lists its products at Pricesearch.com
Acc to lot of theories when the interest rate rises, then the corporates stops taking the loan with which the liquidity in the mkt. decreases which increases the value of money and hence inflation will decreased
For this part of the assignment, we will focus on the demand curve. Draw the demand curve for the A-Phone. Explain how the graph, price, and quantity demanded will change if the following occurs.
cray research sold a super computer to the max planck institute in germany on credit and invoiced dm 10 million payable
Determine the implications for each of the computed elasticities for the business in terms of short-term and long-term pricing strategies.
A profit-maximizing business incurs an economic loss of $10,000 per year. Its fixed cost is $15,000 per year. Should it produce or shut down in the short run? Should it stay in the industry or exit in the long run?
Boris budgets $40 week for his morning coffee with milk. He likes it only if it is prepared with 3 parts coffee, 2 part milk U= min{3/2M,C}. Coffee costs $2/oz, milk $1/ oz. (For the questions below, show your work briefly)
Identify and describe the current state of the health care industry. Also, in your paper list the pros and cons related to the health insurance industry along with a short explanation of health insurance. You are asked to develop your own sol..
Identify a microeconomic theory of interest to you.
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