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Explain why illegal drugs have an inelastic or elastic demand curve. Describe the impact on the supply curve when law enforcement limits the supply of illegal drugs. Use a correctly labelled diagram to illustrate the impact limiting supply.
Please share what you learn about U.S. media ownership patterns and what you think its implications are in your response to this prompt.
John’s family is expanding in number, and so he decides to sell his current home and upgrade to a larger home. He estimates that he can sell his current home for $400,000 and can buy a larger home for $475,000. He plans to use the entire $400,000 sal..
q1. the law in ruba says no worker shall be paid less than nine slugs per hour. estimate the quantity of labor supplied
Describe the difference between GNP and GDP. Start with the identity GDP = C + I + G + X − M and add and/or subtract whatever is necessary to arrive at GNP. Be sure to identify the current account.
Given the market for wheat in equilibrium, assume that the government imposes a price floor on wheat. Explain what happens to the market for wheat as a result of this action? Draw and graph to fully illustrate the situation.
Eddie's Precision machine shop is insured for $700,000. The present yearly insurance premium is $1.00 per $100 of coverage. A sprinkler system with an estimated life of 20 years and no salvage value can be installed for $20,000. what is the present w..
Is the free-market system fair to everybody? Do you think it's fair to you? Give at least one example showing how the systema
If the multiplier is 4, by how much should Autonomous Consumption (C0) change to increase the level of Real GDP to reach full employment?
Think about how you can check whether marginal benefit equals marginal cost for each of your household’s activities. By what methods are your households scarce resources allocated? Identify those allocated by the market price; by command; by first-co..
Congress finally selected a panel whose task was to develop a list of installations to close, with the legislation specifying that Congress
Wilderness Adventures has earnings per share of $2.45 and dividends per share of $1.05. The total equity of the firm is $850,000. There are 40000n shares of stocks outstanding. What is the sustainable rate of growth?
Which of the following determine an individual's wage? If the price of output in an industry falls, firms in that industry will ______ labor.
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