Explain how a 4 percent increase in income would affect demandfor X, all other factors affecting the demand for X remaining the same. [ad_1] The general linear demand for good X is estimated to beQ= 250,000 – 500P – 1.50M – 240PRWhere P is the price of good X, M is average income of consumers […]
What is the market equilibrium wage and employment? [ad_1] Suppose that labor supply is given by E=300w and labor demand is given by E=10,000-200w. A. What is the market equilibrium wage and employment? B. A $10 per unit of labor tax is imposed. Use the tax wedge formula to solve for the wage employers pay, the wage
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Define the nominal exchange rate of a country. Define the real exchange rate of a country [ad_1] a) Define the nominal exchange rate of a country. Define the real exchange rate of a country. Explain how a higher domestic inflation rate relative to foreign inflation rate affects the real exchange rate relative to the nominal
Explain hou will you think this will affect price and quantity demanded and supplied of imported cars into Austalia [ad_1] Use demand and supply diagram and clear explanation when answering question (a) t0 C() below.A) Australia has decided to lower its greehouse gas emission and intended to introduce mandatory (Extremely Expensive) pollution controls and test