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Q. Compare to provide also demand conditions in both locations. How many people live in every place? Illustrate what is the weather such as? Illustrate what are the industries? How elastic will the price of hot coffee be in both locations? Be sure to consider the impact of climate. How will consumers behave to maximize their utility? Illustrate what is the standard income in every location? Illustrate what are the costs of production both in the short-run also long run for operating the pushcart? Predict changes in the equilibrium price also quantity if there is a bad heat wave in Texas also if the price of coffee must be raised 10% to compensate for rising coffee bean prices. Give a recommendation to Mr. Wilson of which city to place the coffee pushcart in. Also, explain why you choose this city also how it will impact the economy.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M9173443

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