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Why does a regular/individual demand curve slope downward? Does aggregate demand (AD) curve slope downward because of the same reason(s)? If no, why does it slop downward? [Hint: your explanation should be based upon the quantity equation of money.]
Explain how more would cumulative spending increase as a result.
How much would you have to invest on a monthly basis to yield $1,000,000 in at your retirement i fthe return rate is 4.5% compounded monthly?
Suppose you have a perfectly elastic supply curve represented by P=5, and a demand curve represented by the equation P = 20 - Q . Draw a supply-and-demand diagram representing this situation, and find the equilibrium price and quantity.
Illustrate what does your anticipated adjustment process imply about the CR for the industry.
how many hours you spend playing. How much time should you spend studying microeconomics?
A t-shirt maker would be willing to supply 75 t-shirts per day at a price of $18.00 each. At a price of $20.00, the t-shirt maker would be willing to supply 100 t-shirts. Using the midpoint method, the price elasticity of supply for t-shirts is about
Some people argue that intense partisan competition forces each side to be a watchdog for the other, thereby achieving stability and balance. Others argue that this highly partisan environment leads to a paralysis in policymaking and detracts from ta..
Determine optimal number of plants that firm should have to take full advantage of market demand. Compare firm's profit with multiple plants with its profit with a single plant.
Berklin County has a deal with the local convention center to help pay for maintenance. The county will pay $4548 each month and increase its payment by 0.5% each subsequent month. The county has committed to paying this maintenance for 9 years. How ..
The following data represents the production possibilities of two people in solving math and economic problems. If they devote their total effort and time to math, A can solve 10 math problems and B can solve 10 math problems. Now assume that they sp..
Suppose there is a new tax on data usage. The cum-tax monthly bill increases by 15%. If the price elasticity of demand is -0.45, how much does the quantity demanded change?
why in the long-run perfect competition, price is at a minimum average cost. why marginal revenue is less than price in monopoly. what is price discrimination and what are the conditions for it to occur and why.
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