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compare the price elasticity of demand on two parallel demand curves for a given price and for a given quantity
Assume the price elasticity of cigarettes is 0.25. By how much would prices have to increase to get a 20% reduction on smoking?
Production Functions, Labor Markets, and a Small Open Economy. In 2007, the Icelandic economy was in general equilibrium, the supply of labor was a positive function of the real
You are gambling. There is a white urn in front of you, which contains a total of 100 black and white balls. You are blindfolded, get to pick one ball randomly, and see which color
examples of economic relationships
Students in the red/black card game had to make individual deals. How would the situation change if they could bargain collectively?
What is the rival principle of distribution? What are the impacts of ethics and morals on the rival principles of distribution?
Explain the difference among the usual (product moment) correlation and rank correlation. In what situations is it more appropriate to use rank correlation?
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