Explain what happens to Pe and Qe when supply increases and when supply falls.

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Q: Two mutually exclusive alternatives are available. If the interest is 15%, select the best…

A: Given, Two Alternatives : Alternative 1 and Alternative 2Rate of interest : 15% i.e. 0.15

Q: advantages of globalization

A: The globalization process is how ideas, information, goods, and services are spread around the…

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Q: 2. Discuss the factors that contribute to economic growth.

A: Please check the step 2 for solution

Q: (A) Suppose an individual who derives utility u(x, y) from consuming a units of the good X and y…

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Q: GNP includes: A) neither intermediate nor final goods. C) intermediate, but not final, goods. B)…

A: The GDP refers to the production of goods and services during a financial year. The GDP does not…

Q: ) Illustrate your answer to (iii) on a graph, include your indifference curve, the budget…

A: Given  Price of pizza pz=5.00 Price of soda: pd=2.00 Consumer income I=20 per week The consumer is…

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A: Quantity theory of money :- MV = PQ  Where M = money supply  V = velocity P = price  Q = real GDP

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Q: 2. Assume the demand for a product is given by q = f(p) = 150-p a) Find the elasticity function in…

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A: Consumer surplus is the difference between the maximum willingness to pay and actual payment. Given…

Q: A consumer has preferences for two goods that are represented by the utility function u(x1, x2)

A: Utility function : U = 2(x1)0.5 + x20.5 Price of good 1 : P1 , Price of good 2 : P2 Monotonic…

Q: v) Illustrate your answer to (iii) on a graph, include your indifference curve, the budget…

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A: The quantity theory of money:- According to the American Economist Irving Fisher, there is a…

Q: 1. What does it mean for preferences to be "complete"

A: Preference means the desire to get one thing more than another.

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A: Here we are given the production functions of 2 countries. Which explains that the output of the…

Q: A lent Php 5207 to B for 2 years and Php 5721 to C for 4 years on simple interest at the same rate…

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Q: proper presentment by Yeager Bank. a. What are the rights of Yeager Bank against Zebra Bank? b. What…

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A: A linear demand function will be applying the algebraic approach for the computation of the supply…

Q: 1 Marginal utility and marginal rate of substitution Suppose an individual who derives utility u(x,…

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Q: For lunch, Maria eats only salads or vegetarian burgers. Her weekly food budget is $36. Each salad…

A: When a consumer's budget is completely depleted and the marginal utility per dollar for both…

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Q: Consider the one-year interest rates known at the following dates: year 0: 2% year 1: 2.5 year 2: 3%…

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Q: nformation: a) Explain what the time series is likely to look like (i.e., cyclical, seasonal, with a…

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Q: 18. Select all that apply. In a perfectly competitive market, MR equals Price Average revenue Total…

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Q: area representing total consumer surplus after the tax. Then, use the purple point (diamond symbol)…

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Q: (d) Suppose Krakozhia is open to trade and the world price is 150. Determine the domestic quantity…

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Q: How to regulate price increases in agricultural products especially during special occasions?

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Q: Question 1 = Prove that the indifference curves that represent the quasilinear utility function…

A: When a person only purchases up to a particular amount of one of the two items (x1 and x2 that are…

Q: Which of the following would properly be classified as an unfavorable supply shock?   a)The interest…

A: A supply shock is an unexpected event that changes the supply of a product or commodity, resulting…

Q: 5. Wireless high-speed internet in provided for free at an airport in a smaller city (like…

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Q: 2. What does it mean for goods to be perfect compliments? Give one example.

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Q: Developed economies are less prone to banking crises than developing or less developed economies.…

A: When talking about banking crisis, it can be said that it is the situation when banks are running…

Q: A consumer has utility (1,₂)=1+12. Suppose that, because of a shortage of good 1, the government…

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Q: Why general equilibrium is not viable for Alfred Marshal’s theory of value?

A: In contrast to collections of distinct market phenomena, general equilibrium theory, often known as…

Q: Sally consumes two goods, X and Y.  Her utility function is given by the expression U=3XY2. The…

A: Given  Sally's utility function: U=3XY2              .....(1) Marginal utility of X: MUX=3Y2…

Q: A consumer has utility u(x₁, x₂) = ₁ + ₁22. Suppose that, because of a shortage of good 1, the…

A: Utility function  : u(x1 , x2 ) = x1 + x1x2  Price of good 1 : P1  , Price of good 2 : P2  Income =…

Q: Draw the Saving-Investment diagram and illustrate the effects of the following shocks on the…

A: ANSWER: (A).        Saving is an increasing function of the rate of interest. People save more at a…

Q: Advantages of Globalization(at least 5), 2 exsample

A: DISCLAIMER  “Since you have asked multiple questions, we will solve the first question for you. If…