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Suppose recent and widely circulated medical article reports new benefits of cycling exercise. Simultaneously, the price of the parts needed to make bikes falls. If the change in supply is greater than the change in demand, the price will _____ and the quantity will _______.
a. Rise, rise
b. Rise, fall
c. Fall, rise
d. Fall, fall
The GDP price index is A. a measure of the price of a specified collection of goods and services compared to the average of the prices of a highly similar collection of goods and services for the last ten years.
Delineate which market participants you believe benefited from the final court decision and whose interests were harmed.
By using calculus show that the production function exhibits diminishing returns to labor.
Which of the following is most likely to cause variation in American household spending patterns?
Give your opinion on whether or not the development of the International Space Station stimulated economic growth. Justify your response.
q1. assume that in the preceding problem the government levies an excise tax of 5 per dose on the monopolists.
The government wants to eliminate the inflationary gap by changing expenditures. What policy do you suggest? By how much will unemployment change after you policy has taken effect?
If you have been offered $137,000 for a job in Los Angeles and $117,000 for a similar job in Dallas, which job gives you the higher purchasing power of the bundle of goods in the price index.
what will happen to the value of the dollar? Use the demand-supply model of the dollar to explain. sales of luxury cars will decrease.
q.branding i jorge products a specialty steel fabricator operates a plant in the town texas of west star. the town has
Suppose the USA and Canada are considering to trade. Assume there are only two goods in the economy: wheat and corn. The table below illustrates what each nation can produce in a given year.
a finn purchased some equipment at a price of $30000, the resulted in an annual net saving of $1000 per year during the 8 year period. at the end of the 8th year, the equipment was sold for $40000. assuming interest of 8%. did the equipment purcha..
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