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Question: What are the long-run effects on prices, output, and profits in monopolistic and monopolistically competitive industries?
Question: If the AS curve shifts to the right, what happens ("increases" or "decreases") to (a) The equilibrium rate of output?
Why would companies limit the number of units produced? Does this invariably lead to "black markets"? How do black markets affect the supply and demand?
Suppose Springfield's economy moves into a recession and Y falls to $9 and rising unemployment allows widget makers to reduce wages to $18 per hour.
Suppose the market supply for good X is given by QXs = -100 + 5PX. If the equilibrium price of X is $100 per unit then producer surplus is?
What are two demand determinants and two supply determinants that might explain the broad decline in house prices that occurred in those years?
General shortage in qualified nurses complicate the supply chain for this increasing demand. How do we meet this growing demand?
Relate the concepts of the market equilibrating process to a real-world experience occuring in a free market.
Price ceiling sets a maximum legal price that a seller may charge, typically placed below equilibrium.
What initial effect, if any, does each of the following shocks have on Japan's real risk-free interest rate?
Why do economists attempting to forecast short run future changes in real GDP and employment look closely at data on business inventories and unfilled orders?
"The ultimate solution to any drug problem is not to curtail supply, but to curtail demand."
What is Live Theaters' total revenue function? What is its total cost function? Its total profits function?
What will be the excess demand for apartments once the price ceiling is implemented?
We associate monetary policy with lower or higher interest rates, but what most people do not realize is that what the Fed is actually doing
How would I go about graphing this impact on the market for 35mm cameras?
Question: Show the effect on the U.S. construction residential housing market in the event of severe economic recession.
Question: Show graphically the market situation for Nook E-Readers at Christmas 2009.
Compare and contrast the Keynesian from the Austrian explanation for this protracted recession. Then outline your explanation for the protracted recession.
1. Please help me explain how the law of demand affected my purchase.
Yet watermelon prices are normally lower in summer than in winter. Use a demand and supply graph to demonstrate how this is possible.
Problem: What are price controls? What is the effect of price controls on the market and market equilibrium.
Describe the determinants of varying levels of income, the factors which determine a person's wages and if these qualifications always hold true.
Question: Why is the incidence of a tax independent of legal liability for the tax?
Explain how the market for corn would be affected if ethanol, a corn derivative, was used to fuel cars in the United States.