Q. Research elucidate how that the prices of related goods are given by py=$5,900, pz=$92 while the average income of individuals consuming this product is m=$55,000. Is x an inferior or normal good
Q. Illustrate what are the five specific events that can be expected to cause the equilibrium price of ice cream to increase.
Q. Gary buys a house for $200,000 using $10,000 of his own money also gets a mortgage for the remaining $190,000. If the value of the house increases 7%, illustrate what will be the percentage increase in Gary's investment?