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Theories of demand and supply
What are the most important concepts you can learn in Economic Theory classes? How can you apply them to your life? What difference can these concepts make in your everyday life?
The marketplace structure of Starbucks is a monopolistic competition. In the coffee industry, many producers and consumers exist, the goods and services are mixed.
Consider the marketplace for personal computers. Suppose that the demand is stable: the demand curve doesn't change.
Proide that the economy grows is allowed to grow through the banking system and the creation of money through lending.
Suppose you own a home remodelling company. You are currently earning short-run profits. The home remodelling industry is an increasing-cost industry. In the long run, what do you expect will happen to
The following quotations are from an article in the Financial Times on November 9, 2007:
Discuss the upshot of this policy in terms of a new equilibrium. Is this policy likely to have a negative repercussion on the crime rate? Can you come up with an idea concerning a major drawback of this policy?
As the research begins to come in about your expansion opportunities abroad, the marketing department has discovered that the price elasticity
A tariff is simply a tax on imports. Use our model of the excise tax (with diagram) to describe why domestic firms request that tariffs be imposed.
second quarter on strong organization wide sales growth, beating Wall's Street's expectations. What happened to their stock after the announcement.
Given the following predictions for nominal wage increases and productivity growth, state your forecast for inflation (assume this is all the information available to make the forecast).
Assume the marketplace for milk. For each of the following events, state whether it affects supply or demand (or both, or neither), which direction supply/demand shifts.
Explain how does the economy effect the Airline Industry. What are economic influences that affect the industry in a negative way.
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