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The Not-So-Popular Nordic Bridge www.economist.com/node/387500 Three questions: Explain why the demand for the bridge is likely to be price-elastic. If the Swedish governemnt esimates that the price elasticity is -1.4 claculate the effect on traffic using the bridge stating any assumptions. Why is the calculation above not likely to give an accurate forecast for the long term?
Explain the concept of aggregate demand management and give a description of how it is used - aggregate demand management to help close gaps in the economy
Often building supply retail store employees become friendly with their customers (building contractors) and will do those favours. For example, they might charge customers for 90% of the flooring material being purchased, or they might hide the last..
Construct a numerical example to show that as marginal product (MP) rises, marginal cost (MC) falls. Explain your answer and use tables and graphs to illustrate.
a random sample of 10 economists produced the following forecasts forpercentage growth in real domestic
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Various economic decision makers exist within an economic system. List and briefly discuss the various role players in the economy.There are four role players
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