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a. If 10,000 two-liter bottles of Pepsi are currently being demanded in your community each month, and the price increases from $1.90 to $2.10 per bottle, what will happen to quantity demanded? (elasticity of demand for Pepsi is 2.08).
b. By how much would the price of ground beef have to increase (in percentage terms) in order to reduce quantity demanded by 5 percent?
suppose only one professor teaches economics at your university, would you say that this prof is a monopolist who can exact any price from students in the form of readings assigned
demand function(qd)=650-5p-p2 where p=10
volatility
Assume the price elasticity of cigarettes is 0.25. By how much would prices have to increase to get a 20% reduction on smoking?
Following the general methodology used by econometricians as explained in the session for week 1 (eight steps), explain how you would proceed to determine if a good complies with t
if there is no autocorrelation what will be done
You have collected data for 104 countries to address the difficult questions of the determinants for differences in the standard of living among the countries of the world. You rec
Students in the red/black card game had to make individual deals. How would the situation change if they could bargain collectively?
Ask question #are there any welfare or subsidy payment that should be reviewed or added?
A bottling company has determined the number of machine breakdowns per month and their respective probabilities as given below: Number of Breakdowns Probability
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