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What happens to market price and quantity if demand rises but supply falls? Draw them with labels. Qd rises from 40 to 60 if P falls from 12 to 8. PED? Show the formula first and then all calculations. Qs falls from 24 to 16 if P falls from 18 to 12. PES? Is PES elastic or inelastic? Show all steps and calculations.
The HHI for automobiles is 2,350, for sporting goods is 161, for batteries is 2,883, and for jewelry is 81. Which of these markets is an example of monopolistic competition?
One example is deciding which side of the road to drive on. It doesn't matter which side it is as long as everyone chooses the same side. Otherwise, everyone may get hurt.
What is mission of NYTHESE. Firms must pay a fee to list their shares for sale on NYTHESE. What would be fee for a firm with 5 million shares common outstanding.
Suppose you were having lunch with your best friend who just enrolled in an economics class. He was complaining about Explain how irrelevant class was, commenting that he saw no useful purpose for economics.
Assume that the industry wants to expand and has to make some long-term capital budgeting decisions. Now the industry is confronted with government regulations to oversee the merger.
The marketplace equilibrium price is $45 every bag. The price at a is $85 every bag. The price at c is $5 every bag. The price at f is $59 every bag.
What would be additional effects follow from this initial effect. What is the total effect of the tax cut on aggregate demand.
Why might even a well-maintained, profitable motel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development.
Without using the midpoint formula, can you tell whether demand is elastic, inelastic, or unit-elastic over this price range.
Elucidate what other types of variables should be considered when determining what is reasonable in terms of maintenance expense.
Who benefits from a tariff or quota. Who loses. Illustrate what are positives and negatives of protectionist trade policies on federal government's part. Which policy is best right now.
Elucidate the nature of competition in a marketplace which is characterized by a high barrier to entry and a significant product homogeneity.
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