The equilibrium price of coffee mugs rose sharply last, Ask an Expert

Economics

Q1. Some reasons why possessions could be allocated inefficiently by the market are negative externalities, positive externalities also collective consumption goods.

Q2. The equilibrium price of coffee mugs rose sharply last month, but the equilibrium quantity was the same as ever. Three people tried to elucidate the situation. Which explanations could be right? Elucidate your logic.

Q3. In a country with a working-age population of 30 million, 18 million are employed, 2 million are unemployed also 2 million of the employed are working part time half of who wish to work for full time. If 1 million of those unemployed are cyclically unemployed, illustrate what is the natural unemployment rate?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9165638

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