Q. Consumers expressed outrage at the high price of chainsaws after Hurricane Andrew hit Florida also Louisiana, with newspaper editorials accusing suppliers of unconscionable price gouging. Draw a supply also demand graph to assist in explaining the increase in the price of chain saws after Hurricane Andrew.
Q. The mayo clinic in Minnesota is known for top-quality medical care. For decade's even presidents also dictators from around the world flew to the mayo clinic to utilize their sources
Q. Assume the demand function is Q xd = 100 - 8Px + 6Py B M. If Px = $4, Py = $2 also M = $10, Illustrate what is the cross-price elasticity of good x with respect to the price of good y?