Draw a circular-flow diagram. identify the parts of the, Ask an Expert

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Draw a circular-flow diagram. Identify the parts of the model that correspond to the flow of goods & services & the flow of dollars for each of the following activities.

a) Sam pays a store keeper $1 for a quart of milk
b) Sally earns $4.50per hour working at a fast food resturant
c) Serena spends $7 to see a movie
d) Stuart earns $10,000 from his 10percent ownership of Acme Industrial

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M961092

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Price Quantity of Pizzas Demanded Quantity of Pizzas Demanded (Dollars) (Income = $20,000) (Income = $24,000) 8 40 50 10 32 45 12 24 30 14 1 ...

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