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Assume there is an increase in the price of electricity (which is the result of a decrease in the supply of electricity), and electricity and natural gas are substitutes. How would this affect the demand for natural gas, and what would happen to the equilibrium price and quantity of natural gas?
Normal 0 false false false EN-US X-NONE X-NONE Identify a specific brand t..
in november 1990 chrysler corporation announced plans to initiate three-shift or nearly continuous 21-hours-per-day
Which of the following is true of the principal’s liability for an independent contractor’s actions? Joy, Saras agent, sells a property of $2000 more than what Sarah had anticipated. But, Joy keeps the excess money to him, and lets Sarah know that th..
Portray this sale in a demand and supply diagram and comment on the elasticity of supply. Comedian George Carlin once mused, "If a painting can be forged well enough to fool some experts, why is the original so valuable
Airway Express has an evening flight from Los Angeles to New York with an average of 80 passengers and a return flight the next afternoon with an average of 50 passengers. The plane makes no other trip. The charge for the plane remaining in New York ..
Critics of federal banking policy argue that deposit insurance is a key reason for banking failures. The banks enjoy a "heads I win, tails the government loses" proposition. Several possible reforms of deposit insurance have been suggested. For examp..
Consider a firm in a perfectly competitive industry. The firm has just built a plant that cost $1,700.Each unit of output requires $14 worth of materials. Each worker costs $11 per hour.The firm's production starts at 300 units with 1 worker (40 h..
Labor hours required to produce one unit of cloth in the united kingdom is 6. The labor hours required to produce one unit of cloth in the united states is 5. Which country has an absolute advantage of producint wheat In producing cloth
Which of the following will not cause aggregate private spending to decrease?
1. suppose that in the market for us meat packers two things happen simultaneously 1. due to growth in less developed
What is meant when economic just say that the Federal Reserve Banks are central bank, quasi-public banks, and bankers Bank's? What are the seven basic functions of the Federal Reserve System?
In 2011, the price of peanuts was rising, which lead peanut butter sellers and peanut butter buyers to expect the price of peanut butter would rise in the future. Suppose the effect on the buyers was larger than the effect on the sellers.
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