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Macroeconomics 12th Edition by Michael Parkin
النسخة 12الرقم المعياري الدولي: 978-0133872279Macroeconomics 12th Edition by Michael Parkin
النسخة 12الرقم المعياري الدولي: 978-0133872279 تمرين 9
In Problem 1, a fire destroys some factories that produce gum and the quantity of gum supplied decreases by 40 million packs a week at each price.
a. Explain what happens in the market for gum and draw a graph to illustrate the changes.
b. At the same time as the fire, the teenage population increases and the quantity of gum demanded increases by 40 million packs a week at each price. What is the new market equilibrium Show the changes on your graph.
Problem 1
The demand and supply schedules for gum are
a. Suppose that the price of gum is 70^ a pack. Describe the situation in the gum market and explain how the price adjusts.
b. Suppose that the price of gum is 30^ a pack. Describe the situation in the gum market and explain how the price adjusts.
a. Explain what happens in the market for gum and draw a graph to illustrate the changes.
b. At the same time as the fire, the teenage population increases and the quantity of gum demanded increases by 40 million packs a week at each price. What is the new market equilibrium Show the changes on your graph.
Problem 1
The demand and supply schedules for gum are
a. Suppose that the price of gum is 70^ a pack. Describe the situation in the gum market and explain how the price adjusts.
b. Suppose that the price of gum is 30^ a pack. Describe the situation in the gum market and explain how the price adjusts.
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The demand and supply schedule for gum i...
Macroeconomics 12th Edition by Michael Parkin
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