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Suppose D1 represents the demand curve for paperback novels, D2 represents the demand curve for gasoline,S1 represents the supply curve for paperback novels and S2 represents the supply curve for gasoline. Afterthe imposition of a $2 tax on paperback novels and on gasoline, the
a. sellers of gasoline bear a higher burden of the $2 tax than sellers of paperback novels.
b. buyers of gasoline bear a higher burden of the $2 tax than buyers of paperback novels.c. buyers of gasoline bear an equal burden of the $2 tax as buyers of paperback novels.
d. Both a) and b) are correct.
Question 1: (a) Describe the different forms that foreign aid may take. (b) Does foreign aid lead to economic growth? Discuss. Question 2: (a) Distinguish between ec
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define law of demand
What are the economic and social costs of high inflation levels? High inflation will have serious redistribution costs; make distortions to the economy; decrease international
what is walrasion equilbrium
International economic relations also depend, in large calculate, on monetary =issues. You are unlikely to accept the Turkish Lire in payment for your wages in this country, easil
dicuss the relevance of studing production theory and analysis inn your career as a student of manegerial economics
(a) What is meant by heteroscedasticity and what are the consequences of applying OLS estimation in its presence? (b) Explain in details the Generalised least Square procedure
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