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The demand for gadgets is likely to be more price-elastic when:
a. there are no substitutes for gadgets available in the marketplace.
b. consumers are given a long period of time to adjust to a change in the price of gadgets.
c. the price of a gadget is a very large percentage of the typical consumer’s budget.
d. gadgets are considered a luxury by consumers.
Mention two economic choices you had to make with in last week. Alfred Marshall said in 1890s, "economics is the study of man in ordinary business of life." You must examine one or two of these choices in terms of alternatives you gave up.
Which of the following industries is most likely to exhibit the characteristic of free entry? cable television , t-shirt silkscreening
Oye and Maxwell's terminology is this an example of a "Stiglerian" or an "01- sonian" regulatory situation? Carefully explain your reasoning.
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in a hypothetical economyc 124 .75 disposible incomei 60 - 9 r g 156netxports 38-.05ythe government levies a 20
research authoritative articles using the news and the devry online library for a recent case of antitrust
analyze how the law of demand applies to a recent purchase that you made. describe how the product has changed in price
An increaseing governemtn expenditure in increasing GDP when it is financed by rasing taxes or slling government bonds to the general public or else.
Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource differences. What are some examples of goods that the U.S. has comparative advantage in producing
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Explain how McGregor's Theory Y assumptions can create self-fulfilling prophecies consistent with the current emphasis on participation and involvement in the workplace. How do ethical dilemmas complicate the workplace
Explain how a rise in incomes will affect the demand for computers, describe any assumptions that you have to make to give your answer.
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