Steps to analyze modifications in equilibrium
What are the Steps to analyze modifications in equilibrium?
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Steps to analyze modifications in equilibrium:
1. Choose whether the event shifts the supply or demand curve or maybe both.2. Choose in which direction the curve shifts.3. Utilize the demand-supply diagram to view how the shift modifies the equilibrium price and quantity.
What are the conditions through which the supply curve will shift?
A tax will be backward-shifted totally when the: (i) demand curve is vertical and the supply curve is slopes up. (ii) demand curve slopes down and the supply curve is vertical. (iii) supply curve is perfectly elastic and the demand cu
In this figure shown below, the price elasticity of demand for DVD games among prices of $30 and $40 is nearest to: (i) 7/6. (ii) 1/2. (iii) 3/7. (iv) 7/3. (v) 1/3. Q : National income Gross domestic capital Gross domestic capital formation is always greater than gross fixed capital formation
Gross domestic capital formation is always greater than gross fixed capital formation
Assume that you consume bananas and apples, and the marginal utility of the last apple consumed is 6 times the marginal utility of last banana consumed. Though, the price of apples is only 3 times the price of bananas. This disequilibrium among the two goods can be re
what are the four factor of economic growth
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Depreciation of a currency signifies fall in value of domestic currency in terms of foreign currency. Illustration: When value of rupee in terms of US dollars falls, state from Rs. 45 to Rs. 50 per dollar, it will be a condition of depreciation of Ind
What relationship does the MPC bear to the size of the multiplier? The MPS? What will the multiplier be when the MPS is 0, .4, .6, and 1
A prosperous person who made higher and higher incomes yearly would possibly benefit most from: (w) proportional tax system. (x) progressive tax system, much like the one in place today. (y) regressive tax system. (z) fixed percentage tax system. Discover Q & A Leading Solution Library Avail More Than 1446300 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads No hassle, Instant Access Start Discovering 18,76,764 1926719 Asked 3,689 Active Tutors 1446300 Questions Answered Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!! Submit Assignment
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