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When the government imposes a price floor above the market price, the result will be that:
surpluses occur.
shortages become a problem.
supply and demand will shift up to the new equilibrium.
a price ceiling set above the equilibrium price will have no effect on the market equilibrium.
q1. assume the monthly demand for soda by a consumer is given by.a. if the price of soda is 1 per can explain how many
What will happen to Jill's consumption in first period when interest rate increases. Is Jill better off or worse off than before interest rate increase.
Assume that there are two categories of goods: protein shakes and all other products. A. Show using diagrams how a consumer's demand curve for protein shakes can be derived from an indifference map and a budget constraint diagram. Make sure you expla..
Suppose that, instead, the market quantity demanded at a price of $1.33 is only 75,000. How many firms do you expect there to be in this industry.
Describe political and social impacts of this association. Are regional trade associations beneficial for global economy. For members of association.
Elucidate how might this allocation under allocation get resolved via the means suggested by the coase theorem.
If you could, how would you alter the way that GDP is defined and measured in the US? Make one recommendation. Explain what the current practice is, how you would change it, and why your proposed change would be an improvement.
Every alternative has a value for bill as described in the subsequent. Illustrate what is bill's prospect cost for attending class
Which of the following methods of stimulating the economy provides the federal government with the greatest control over how the stimulation takes place?
In the short run ,lowering the federal funds rate shifts the aggregate demand curve----------so that the real GDP---------and the price level --------------
How is Apple able to maintain high profit margins on its phones, while most Android phones struggle to be profitable? Select the answers that apply and give justification for your choices.
The elasticity of variable G with respect to variable S is defined as:
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