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Problem: The following figure shows the supply and demand for strawberry. Answer the question that follows,
a. Indicate the equilibrium price and equilibrium quantity?
b. Suppose sellers try to sell strawberries $4. How much of a shortage or a surplus of strawberries would result?
c. Now, suppose that the demand for strawberries falls by ten units at every price. Draw the new demand curve in the figure, and estimate what the new equilibrium, price and equilibrium quantity would be.
d. If sellers still try to sell strawberries at $4, would the shortage or the surplus increase or decrease?
Sandy James thinks housing values stabilized last months. To convince boss, intends compare current prices year prices. She collected 12 housing prices adds:
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Moving Equilibrium. Show the effect of each on the monopoly market equilibrium; you don’t need to have exact answers but explain the direction of change in the demand and/or marginal cost curves.
chuck michael and hakeem are three retired basketball players. they determine that in madison there is demand for
Further assume that in a good year the artist earns $50,000 and that in a bad year she earns $30,000. calculate the artist's average propensity to consume on average.
For each of the following concepts provide a definition, a complete explanation as to their significance, and a practical example.
How does the analysis of your opportunity costs explain your decision to seek an education?
Nowadays, China drives the global economy. So if the trade barrier is reduced, the Chinese economy will go down and affects the economy of the whole world. Do you agree or disagree with this argument?
Rent Payment, Food, Utilities, and All Other. Your program should add the amounts, display the total, and compute and display the percentage for each category. Dollar amounts should be displayed with two decimal places and percentages should be di..
In the months of preceding the expiration date, bargaining teams for the UAW and General Dynamics met to negotiate a new contract.
you manage gofer delivery service. you rent a truck for 10 per day and each delivery takes an hour of labor time. the
Suppose in country Triniland employers are required to pay overtime at 50% above the normal wage rate for workers who work beyond 8 hours a day.
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