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"If price changes by 20 percent and quantity changes by 10 percent, demand is:"
inelastic
unit elastic
elastic
question 1nbspthe table sets out the demand and supply schedules for banana.pricenbspdollars per boxnbspquantity
q.1 price elasticity of demand depends on various factors. explain each factor with the help of an example.q.2 show how
Which of following industries would you classify as an oligopoly? Which would you classify as monopolistically competitive? Explain your answer.
Economists have observed that as an economy grows the unemployment rate tends to fall. Which statement is most probable to be correct?
alex fiani corporation produces egg cartons that are sold to egg distributors. alex fiani corporation has estimated
Assume your elasticity of demand for your parking lot spaces is -.05, and price is $20/day. If your MC is zero, and your capacity at 9 a.m. is 96% full over the last month, are you optimizing?
contrast two or three key economic factors for each country with the u.s. economy and comment. for example if per
grocery stores and gasoline stations in a large city would appear to be examples of competitive markets there are
Studies indicate that the price elasticity of demand for cigarettes is about 0.4. If a pack of cigarettes currently costs $5 and the government wants to put a tax on it to reduce asmoking by 20%, what should be the size of the tax per pact of cigaret..
exercise 1 quantity quotaa new chemical cleaning solution is introduced to the market. initially demand is qd 1000
Boston based gas station owner set highest gasoline values in the country. During that summer, he charged $1.69 per gallon for unleaded gas during the daytime and $2.59 each gallon at night
This result proposes that private parties (consumers and producers) can solve the problem of externalities on their own. A tax imposed on imports is called:
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