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MARKET DATA
Price of tuna
$15.00
Quantity demanded
1129
Quantity supplied
3763
Excess demand
-2634
DEMAND DATA
Income
Price of tacos
Price of wine
SUPPLY DATA
Price of sauce
Price of labor
Per unit tax
1. Set the price of tuna to its equilibrium level. Now the price of tacos falls to $3. At the current price of spaghetti, supply changes by what?
2. Set the price of tuna to its equilibrium level. Govt grants a subsidy of $3 per plate. What's the change in price due to the subsidy.
You were recently hired to replace the manager of the Roller Division a t a major conveyor-manufacturing firm, despite the manager's strong external sales record. Roller manufacturing is relatively simple, requiring only labor
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In building the aggregate expenditures model, Keynes believed that A. economies are normally at full employment and thus frequently susceptible to bouts of inflation. B. massive unemployment of labor and capital created conditions where sudden demand..
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Use the following data to answer the questions given below; Calculate the profit-maximizing level of output and price if the company sells all of its tickets at one price.
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