Entries by Hannah Wangui

The current supply of leather jackets provided to the market is 2 million per year. Next year 2.5 million jackets will be made because of: 

November 28, 2020 in /by

The current supply of leather jackets provided to the market is 2 million per year. Next year 2.5 million jackets will be made because of: A. a decrease in the price of raw cow hides. B. an increase in the price of leather jackets. C. an increase in the popularity of leather jackets. D. the expectation that the price of […]

 

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Based on the answers below, which could account for an increase in equilibrium gas prices. 

November 28, 2020 in /by

Based on the answers below, which could account for an increase in equilibrium gas prices. A. an increase in the demand for gas B. a decrease in demand for gas C. an increase in supply of gas D. a decrease in supply of gas   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code […]

 

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Aggregate supply curves, for high levels of output, are ________ and ________ for low levels of output.

November 28, 2020 in /by

Q1. Aggregate supply curves, for high levels of output, are ________ and ________ for low levels of output. relatively steep; relatively flat relatively steep; remain steep relatively flat; remain flat Q2. Which of the following will affect the steepness of the aggregate supply curve? The wealth effect. How sensitive employment is to changes in the […]

 

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Assume a hypothetical economy produces only two goods as shown below.

November 28, 2020 in /by

Assume a hypothetical economy produces only two goods as shown below. (base year =2017OrangesYearQuantityPrice ). Apples Quantity Price 2017 2 4 1 2 2018 4 5 2 3 2019 6 3 2 1 The real GDP in the year 2019 is equal to: Group of answer choices $28 $36 $7 $20   Flag this Question […]

 

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