Name some factors that can cause a shift in the demand curve in markets for goods and services. A change in the wealth of the consumer A decrease in supply An increase in supply A change in the price of a related good. A change in price A change in consumer tastes.

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A: Marginal rate of substitution (MRS) is used in indifference theory to analyze consumer behavior.

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A: PW=C0 + C1(1+r)+C2(1+r)2+.........C2(1+r)n

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A: In economics a good can be excludable or non-excludable; and rival or non-rival

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Q: Microeconomics deals with allocation of resources.   True/False

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Q: true or false Technological developments are a fundamental driver of opportunity.

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Q: Please Can you work on the diagrams. I cannot view the diagrams for the answers provided

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Q: Suppose MRSx,y = MUx/MUy = 0.1 (a) If the consumer substitutes 10 units of X for one unit of Y, then…

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Q: True/ False  A market in which firm/seller has all the power is called monopoly.

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Q: Suppose Flo's demand for coffee per day is P = 10 - 2.14*Q and Terra's demand for coffee is P = 6 -…

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