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1. When the price of SuperSparkle Toothpaste increases by 5%, the quantity demanded for SuperSparkle Toothpaste decreases by 20%. Calculate the price elasticity of demand for SuperSparkle toothpaste. Do consumers have an elastic or inelastic response to this price change. Why? Explain your reasoning.
2. Why does demand curve shift (left/decrease or right/increase) when consumer preferences change (decrease or increase)? What is the assumption being made about consumer preferences as a single D line is drawn? Explain your reasoning.
What happens to the money supply, interest rates, and the economy if the Federal Reserve is a net seller of government bonds? What happens to the money supply
You can either imagine which your organization has received a complaint from a customer or client about a product
Illustrate what is the product maximizing level of output for this producer. Will the producer make a positive profit at this level of output.
sketch a production indifference curve indicating that CCC can produce no more than 1,000 containers with this expenditure.
Goods and services that are not sold in markets, such as food produced and consumed at home and some household articles, are generally not included in GDP
A manufactures of a well-known brand of toothpaste is considering changing the way he prices his tooth paste. Currently, he is selling it at $5.00 per bottle. He hired a college professor of economics to estimate the demand function for the product.
If an earthquake decreases cement supply by disabling a major cement plant and increases demand by necessitating repair jobs, what does the model of supply and demand definitely predict for the cement market?
q1. what does monumental architecture imply about the cultural values and the socio-economic-political organization of
Kal Tech Engineering is investigating the possibility of acquiring new automated packaging equipment at a cost. Describe the equivalent uniform annual cost (EUAC) if MARR for the company is 10%.
Find the equilibrium interest rate c. Now suppose that G rises to 1,250. Compute private saving, public saving, and national saving. d. Find the new equilibrium interest rate.
q1. joes search costs are 7 per search. he wants to buy a dvd player for his wife for christmas and the lowest price
Illustrate what was the growth rate of the GDP deflator between 1999 and 2000.
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