Bundle: Exploring Macroeconomics, Loose-leaf Version, 7th + LMS Integrated MindTap Economics, 1 term (6 months) Printed Access Card
7th Edition
ISBN: 9781305784802
Author: Robert L. Sexton
Publisher: Cengage Learning
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Chapter 4, Problem 22P
To determine
The cause of shortage and your advice to deputy park commissioner of the New York to allievate the shortage. When asked about the reason for lifeguard shortage threatened to keep one third of the city's beaches closed for the summer, the deputy park commissioner of the New York responded that kids seems to want to do more work that's more in tune with the career. Maybe they prefer carpal tunnel syndrome to sunburn.
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Hurricane Sandy to Raise Prices on Used Cars
The immediate impact of Hurricane Sandy was devastating, and the storm's ripple effects will
continue to be felt in the weeks and months ahead as communities work to recover. One side
effect becoming apparent is Sandy's influence on the used car market.
According to the Detroit Free Press, the destruction of some 250,000 vehicles has led to a
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(550-S175 per vehicle), but Edmunds.com suggests that in the short term, prices could jump
$700 to $1.000.
Source: George Kennedy, Autoblog, November 10, 2012. © 2012 AOL Inc. All rights reserved.
Market for Used Cars
Post-hurricane Supply
23000
Pre-hurricane Supply
22000
21000
20000
Market Demand
19000
18000
6000
7000
8000
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11000
Quantity (cars per day)
Based on the News Wire,
a. What is the initial…
Chapter 4 Solutions
Bundle: Exploring Macroeconomics, Loose-leaf Version, 7th + LMS Integrated MindTap Economics, 1 term (6 months) Printed Access Card
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