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Why would an increase in the price of a good like rice lead to hoarding? Do you think laws preventing hoarding will make things better for consumers in the short run? In the long run?
Microeconomics, Economics
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Consider a competitive market for apples. Demand is given by the relation: Qd = 100 - 6P, whereas supply is given by the relation Qs = 50 + 4P. Evaluate the free market by finding the equilibrium price and quantity. Eval ...
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Question: Explain why the following claims might not imply causal relationships and outline how you would test for a causal effect using an experimental methodology with a treatment and control group: a. People with larg ...
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