Write a post describing a good or service that either a compliment or a substitute.Explain what will happen to the equilibrium price and quantity of the good you choose if the price of the compliment or substitute good increases.

Write a post describing a good or service that either a compliment or a substitute *Be specific in describing what different goods or services serve as a possible substitutes or compliments for the good or service you choose. *Give at least one specific example of a good or service that is either a substitute or […]

Describe how opening up to trade specifically affects a domestic monopoly. Include an explanation, using game theory, of how even a single additional competitor can lead to a market outcome similar to perfect competition.

Finance International trade can have big effects on domestic markets. For both an import good and an export good,describe how opening up to international trade affects the following: supply or demand for the particular good, the competitiveness of that good’s market, and how the change in competitiveness affects equilibrium price and quantity. Stepping away from […]

Identify a good you commonly use or would like to use. Explain at least three factors that would result in a shift in the demand curve for that good and three factors that would result in a shift in the supply curve for that good.

Finance Identify a good you commonly use or would like to use. Explain at least three factors that would result in a shift in the demand curve for that good and three factors that would result in a shift in the supply curve for that good. Describe the effect on equilibrium price and quantity of […]

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