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1.Can you illustrate by using supply and demand graphs what happens to the equilibrium price and quantity in each of the following situations. Please dont forget to label the graphs.a. A rise in the price of tea on the market for coffee.b.Expectations of higher prices on the market for housing.c.A decline in the price of gas on the market for small cars.
2.If we suppose that the market price for cigarettes is $2.00. A tax of 20 cents per package is imposed.The consumer pays 15 cents of the tax and the producer pays 5 cents of the tax Could you illustarte this with a supply/demand graph?
3.If the current market rent for a one bedroom apartment in Vancouver is $500.00. An increase in demand will increase market rents to $600.00. The provincial goverment intervenes to control rents at $ 500.00. Can you illustarte this situation with a supply/demand graph.
Calculate the payback period for an asset that has a first cost of $40,000, a salvage value of $8000 anytime within ten-years of its purchase, and generates income of $6000 per year.
Asume that an individuals inverse demand for wireless services in the greater Atlanta.
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To best serve customers interested in buying cars over Internet, Smart Motors, hire Nora Jones to respond to customer inquiries.
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If you need a rate of return. Illustrate what is the highest price I should be willing to pay for this stock.
Ignoring transaction price explain how much would a buyer have to pay for one call option contract.
Explain how does the marginal price for a product like this differ from a product like automobiles. What relevance might there be to this difference.
The entire satisfaction consumer gets from consuming a good or service is________ utility, but the extra or additional satisfaction that a consumer gets from a good or service is ________ utility.
Describe and explain the interest parity concept using formal methods Explain IS and LM curve behavior and nominal interest rate in the domestic economy,
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