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Economics - Demand curve
Suppose a firm's demand curve is given by P=120-0.5Q. Find the (value of) price elasticity of demand (point elasticity) for the demand curve when the price is $100. Is demand elastic or inelastic?
Once it's determined to be elastic or inelastic, how do you come to that conclusion?
Fiscal policy also decrease the dollar like monetary policy.
Illustrtae what is the final impact of expansionary fiscal policy on the price-level and real output.
Describe what effect a contractionary fiscal policy would've on the price level and real GDP starting from full employment equilibrium.
A team of minor league baseball is trying to predict ticket sales for the upcoming season and is considering changing ticket prices.
If the price of a good decreases, the substitution effect shows the increase in the quantity of the good demanded, holding income constant.
Compute the companies concentration measure. Explain how would it change if Delta merged with United States.
Illustrate what does this tell you about the observability and accuracy of real interest rates compared to nominal interest rates.
True/False: For each of the following concepts, decide whether it's true or false, and briefly explain why (2-3 sentences). You can also use diagrams if they are helpful. Each correct answer is worth.
By how much will each firm reduce its SO2 output? Which firm will buy permits, which firm will sell them, and how many permits will be exchanged?
By how much and in which city is the hotel room cheaper.
In the particular assignment due this week, students explore the reasons behind regulating banks also how that regulation relates.
Sketch a graph of demand and supply curves that shows the effect of an increase in rainfall on the equilibrium price and quantity of corn. Do price and quantity increase or decrease?
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