MicroeconomicsAddison-Wesley, 1994 - 655 ˹éÒ |
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... million tapes a week , but no tapes are supplied . The quantity demanded exceeds the quantity supplied by 9 million tapes a week . In other words , at a price of $ 1 a tape , there is a shortage of 9 million tapes a week . This shortage ...
... million tapes a week , but no tapes are supplied . The quantity demanded exceeds the quantity supplied by 9 million tapes a week . In other words , at a price of $ 1 a tape , there is a shortage of 9 million tapes a week . This shortage ...
˹éÒ 133
... million hours of labor are demanded ( point a ) . But 30 million hours of labor are available at that wage ( point b ) . Because the number of hours demanded is less than the number of hours supplied , 20 million hours of available ...
... million hours of labor are demanded ( point a ) . But 30 million hours of labor are available at that wage ( point b ) . Because the number of hours demanded is less than the number of hours supplied , 20 million hours of available ...
˹éÒ 549
... million gallons a day . There is a loss of consumer surplus arising from this price increase and quantity decrease . There is also a loss of producer surplus . Producers now receive 50 ¢ a gallon for 300 million gallons compared with 60 ...
... million gallons a day . There is a loss of consumer surplus arising from this price increase and quantity decrease . There is also a loss of producer surplus . Producers now receive 50 ¢ a gallon for 300 million gallons compared with 60 ...
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amount average benefit budget calculate called capital cars CHAPTER choices cloth competitive consumer consumption corn cost curve countries decreases demand curve depends determined dollars economic effect elasticity elasticity of demand equal equilibrium example expected Explain factor falls Figure firms future given graph higher hour household illustrates important income increases individual industry input interest labor less long-run look loss lower marginal cost marginal revenue marginal utility measured million monopoly month opportunity cost output percent percentage person possible preferences problem production profit quantity demanded questions regulation relationship rent result rises scale sell shifts short-run shown shows slope soda sold substitution supply curve sweaters tapes theory things tion total cost trade units utility variable wage wage rate wealth week workers