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The quantity demanded x of a certain brand of DVD player is 3000/week when the unit price p is $485. For each decrease in unit price of $20 below $485, the quantity demanded increases by 250 units. The suppliers will not market any DVD players if the unit price is $300 or lower. But at a unit price of $525, they are willing to make available 2500 units in the market. The supply equation is also known to be linear.
q1. explain and show graphically the effect on the supply and demand for bonds in a deflationary period. what is the
"Suppose the market for oranges is disturbed by below-freezing cold weather that destroys much of the orange crop in the California. Predict what will happen to the equilibrium price and quantity in the market for oranges because of this natural d..
q.suppose a firms production function is q2kl2-l3and its quantity of capital is fixed at k6 in the short-run.a. find
Elucidate why a currency depreciation leads to an improvement in a countries balance of trade.
During the most recent recession General Motors and Chrysler lost huge sums of money in their operation (not counting government bailout money they could not assume they would get). How could they continue to operate at a loss?
Cartels with a small number of industries have a greater probability of reaching the monopoly outcome than do cartels with a larger number of industries.
calculate the change in welfare compared to the free market outcome (i.e., in the absence of minimum wages). Is this a welfare gain or a loss?
Some economists argue that only unanticipated increases in the money supply can affect real GDP.
q. many small boats are made of fiberglass which is derived from crude oil. assume the cost of oil risesa. using
What price-output combination would exist with efficient pricing (MC = P)? Draw a graph with MC, Demand curve and MR curves for the problem above.
Suppose the interest rate on 6-month treasury bills is 7 percent per year in the United Kingdom and 4 percent per year in the United States.
What is a one invention that had good impact on the international economy and why. What were the impacts of this invention were impact good or bad.
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