Question 12 Which of the following characteristics will make the demand curve for a given market more ELASTIC? Group of answer choices The good in the market becomes more of a necessity. Vast improvements in technology allow the goods in the market to be sold at a much lower price that is now only a small portion of the typical consumer's income. Defining the market more broadly. Looking over a longer time period.

Q: n equilibrium, if $10.5 pound sterling and 1 pound sterling = 40 Swiss francs, the exchange rate…

A: Answer; Option 4 is correct.

Q: The maintenance cost for a new heavy-duty diesel engine is P20,000 two years after its purchase,…

A: Compound interest (or compounding interest) As "interest on interest," compound interest is thought…

Q: PRICE LEVEL 120 110 100 90 80 Aggregate Demand 0 10 20 40 50 60 30 OUTPUT Suppose the governments of…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: Question b The output level on a AD/AS graph when all factors of production are being used is called…

A:

Q: Compute how much each of the following items is worth in terms of today's dollars using 177 as the…

A: The Consumer Price Index (CPI) is a weighted average of prices for a bundle of products and services…

Q: Consider a hypothetical closed economy in which households spend $0.75 of each additional dollar…

A: Here MPC = 0.75 And MPS = 0.25 Multiplier = 1 / MPS = 4 Now, Increase in government spending = 250…

Q: discuss causes of fluctuations of the kenyan external exchange rates

A: Since the fold of Breton Wood in 1973 various countries in the world embraced either skimming trade…

Q: GRADUATE STUDIES Practice Question 1 The table below shows the demand for a product produced by a…

A: A monopolist is a single firm in the market with no close substitutes.

Q: ate strictly domin minated strategies. If the game does not have a pure strategy Nash equilibrium,…

A: A strictly dominated strategy always gives minimum payoff that is a worse outcome irresepective of…

Q: Question 5 A decrease in one of the components of real GDP, such as Exports will cause the AD curve…

A: GDP has many components, such as consumption, investment, government expenditure and exports.

Q: Suppose the U.S.-EU exchange rate is $1.15 per Euro, the U.S. has 5% inflation, and the EU has 10%…

A: Exchange Rate  The exchange rate is the rate at which one currency of a country is exchanged for…

Q: 3. A monopolist movie streaming service has two kinds of movies in its library- Action (A) and…

A: An individual would consume the good only when he/she values the good more than the price of the…

Q: In 2021, the exchange rate between the Swedish Kronor (SK) and the $ dollar was E$/SK 0.07 $, while…

A: Introduction Exchange rate of different years and different countries have given. Change in exchange…

Q: A game in which players do not negotiate and do not work together is a: noncooperative game.…

A: Game theory basically refers to the usual study of how economic actors' interacting actions produce…

Q: Once a private information is made public and it is immediately reflected in the price, then the…

A: When talking about market efficiency, it explains the nature or ability of the market to provide…

Q: Answer the following: If TVC = $80 and AVC = 4, then what does quantity (Q) equal? (b) If…

A: Total cost = TFC + TVC AVC = TVC/Q AC =TC/Q MCn=TCn -TCn-1= change in TC/change in Q AFC = TFC/Q

Q: If the AS/AD Equilibrium level of Real GDP is greater than the Full Employment Level of Real GDP,…

A: The economics as a study is based upon the basic idea of scarcity, which implies that the total…

Q: Calculate the total revenue if the firm produces 10 versus 9 units. Then, calculate the marginal…

A: It is given in the initial diagram that both quantity demanded and demand price are 25. Please find…

Q: How would this affect the WS-PS

A:

Q: Explain the economy of the Balkan Peninsula

A: Balkan Peninsula is also called Balkan which is located Europe. It is one of the three peninsula of…

Q: If U(w) w^1/2, wh-100 and wl-36. Let the reservation utility be 7. Further, let p=1/2. Calculate the…

A: Answer;     pX(100)^0.5 +(1-p)X(36)^0.5 = 7 10p + 6(1-p) = 7 10p + 6 - 6p = 7 4p = 1 p = 1/4…

Q: Oaksville has two tennis instructors, Sam and Jack. The figure shows the demand curve and marginal…

A: In the above diagram, The profit maximizing output is produced at point where:MR=MC (at point P)But…

Q: MD-MB Total Emissions 600 1000 nvironmental regulations do not restrict pollution by this industry,…

A: In economics, the marginal cost is the change in the aggregate cost that increases when the quantity…

Q: QUESTION 2   a)                    Assume that you borrow $30,000 to purchase a new automobile and…

A: Given; Amount borrowed= $30000 Interest rate; r= 4% Time period; n= 4 years

Q: d. Suppose an economy is in long-run equilibrium with aggregate demand and supply curves…

A: Economy is in long run AS curve shifts left i.e., supply decreases due to increase in oil prices…

Q: 2. There are four firms in the widget market. Each of them emits five units of yuck, which are not…

A: According to the question, There are four firms in the widget market. Each of them emits 5 units of…

Q: terest Rates minal rate eriodic rate fective annual rate mul needs a loan and is speaking to several…

A: In economic aspects, the nominal interest rate or nominal rate of interest is both of two different…

Q: Create a chart for Wal-Mart Chart the appropriate stock chart sub-type: Use the High-Low-Close…

A: Date Open High Low Close Volume 3-Mar-16 64.31 66.46 63.27 65.28 9682956 4-Mar-16 63.71 65.79…

Q: Stella is considering expanding her plant. The average total costs for the larger plant are shown…

A: Long run: - it is the time period in which all factors of production become variable in other words…

Q: SUPPLY AND DEMAND PROBLEM (Complete answer with solution) 1. Assume that the demand function is…

A:

Q: Suppose the economy produces real GDP of $60 billion when unemployment is at its natural rate. Use…

A: In the short the the supply curve is AS which is directly proportional to the price level but in the…

Q: What is Micro Credit’s view of government financing?

A: Various banks provide the services of micro credits . It is considered as a small loan. The examples…

Q: maintain as many excess reserves as possible make loans to the least credit worthy borrowers violate…

A: Bank reserves are the money essentials that monetary establishments should have available to meet…

Q: warranty expired after 3 years of ownership. The cost of periodic mainten $800 every 2 years. If the…

A: First we compute Calculate the present worth of the repair and maintenance. Second we compute…

Q: Consider a hospital that faces a demand curve, P = 150-Q, and supply curve MC=Q.   a. Derive the…

A: In monopoly equilibrium occurs at the point where MR = MC  In monopoly equilibrium occurs at the…

Q: The following graph shows a short-run Phillips curve for a hypothetical economy. Show the short-run…

A: PLEASE FIND THE ANSWER BELOW.   SHORT-RUN PHILLIP CURVE: The Phillips curve shows the relationship…

Q: Indicate the effect (increase, decrease or indeterminate) on the equilibrium price and quantity of…

A: At the marketplace, any change in demand and supply will have a significant impact on the…

Q: If this is a monopoly firm, is this a sustainable, long run scenario? MC ATC . Price O yes no Pat…

A: Monopoly is a single seller in the market with no competition.

Q: A. Modified TRUE of FALSE. Write T if the statement is TRUE and CHANGE the underline word if the…

A: Government of the country providew varioue services to help its people and promote their welfare.…

Q: Price P₂ Pi C P D Quantity Q₁ Q₂ Q₁ If a price floor in this market is set at P₁, then OA)…

A: A price floor usually exists when the price charged is more than or less than the equilibrium price…

Q: What we can conclude from the Consumption and Islamic Moral Principles in Islamic Economics?

A: Consumption may be defined in a variety of ways, but it is best characterized as an individual's…

Q: A Closer Look in the Economies of Scale   Businesses wanted to reduce their cost to the minimum…

A: Companies benefit from economies of scale when their production gets more efficient. Economies of…

Q: V 1st attempt Assume that people in the economy have adaptive expectations. If the inflation rate…

A: Unemployment rate: - it is the percentage of people out of the total labor force who are able and…

Q: 4. Items Personal consumption Investment Government consumption Export Import Taxes on expenditure…

A: Given Items Symbols Rm million Personal Consumption C 25000 Investment  I 5000 Government…

Q: The following table gives nominal and real GDP for an economy for two years. Year 1 Year 2 1540.0…

A: Ans. The value of the GDP deflator in the country is the ratio of the Nominal GDP and Real GDP…

Q: For a cost-effective approach to recycling in an industry, its necessary for firms with low…

A: Recycling costs and rates of cycling are interlinked to each other.

Q: If reserves are scarce, how would the federal funds rate change (increase or decrease) if the Fed:…

A: The term "federal funds" refers to excess reserves held by financial institutions over and above the…

Q: The major determinant of a country’s income distribution is its distribution of productive and…

A: The distribution of income includes the way in which the total gross domestic product of a country…

Q: What has been the impact of the Supreme Court ruling in  Citizens United v. Federal Election…

A: The Supreme Court of the United States is the country's highest court. It is the judicial branch of…

Q: Monopoly: Fantastic Films is the only movie theater in an isolated town. The table below illustrates…

A: Total revenue is calculated by multiplying the price by the quantity. Marginal revenue and marginal…