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Suppose the inverse demand curve for a market is equal to p = 100 -- 0.3Q. The inverse market supply curve is p = 20 + 0.5Q.
1. Calculate the equilibrium price and quantity;
2. Calculate the consumer surplus, producer surplus and total surplus.
The price and quantity of lumber and other building materials has gone up recently. Show graphically and explain what might have caused this.
A. What are the major differences between capitalism, communism, and socialism? B. Discuss the three major economic indicators and how they are indicative of our current economi
Q. Relation between Money - wealth and income? Money isn't the same as wealth. An individual may be very wealthy however have no money (for instance by owning stocks and real e
The LM curve The LM curve shows all combinations of R and Y, where the money market is in equilibrium. The LM-curve slopes upwards. Mone
objective of the study
money multiplier
What are long run and short run? Long run: It is the time period wherein all inputs cannot be fixed. Short run: It is the time period within which at least one in
full oligopoly chapter
What are three modifications to a polymer that can make it transparent? How will these modifications affect the mechanical properties of the polymer?
explain the neo-classical theory of trade and show the difference between this and the classical approach, as wellas the similarities
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