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ECN 361 Topic 2 DQ, DQs Participation & Responses (Package Deal)
ECN 361 Topic 2 DQs Participation & Responses (Package Deal)
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ECN 361 Topic 2 DQ 1 Participation & Responses
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Topic 2 DQ 1: Explain the difference between change in quantity demanded and shift in demand. What causes change in quantity demanded? What causes a shift in demand?
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Add to cartTopic 2 DQ 1: Explain the difference between change in quantity demanded and shift in demand. What causes change in quantity demanded? What causes a shift in demand?
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ECN 361 Topic 2 DQ 2 Participation & Responses
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Topic 2 DQ 2: Adam and Barb go to the store to purchase some lottery tickets. Without looking at the price, Adam says, "I’ll take 10 lottery tickets," and Barb says, "I’ll take $10 worth of lottery tickets." What is each person’s price elasticity of demand for lottery tickets? Explain yo...
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Add to cartTopic 2 DQ 2: Adam and Barb go to the store to purchase some lottery tickets. Without looking at the price, Adam says, "I’ll take 10 lottery tickets," and Barb says, "I’ll take $10 worth of lottery tickets." What is each person’s price elasticity of demand for lottery tickets? Explain yo...
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ECN 361 Topic 2 DQ 3
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Topic 2 DQ 3: Suppose a farmer knows that he will be able to harvest and sell 3,000 bushels of wheat. Would he prefer a market in which conditions are favorable and most farmers harvest large crops or a market in which conditions are unfavorable and many farmers harvest small crops? Why?
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Add to cartTopic 2 DQ 3: Suppose a farmer knows that he will be able to harvest and sell 3,000 bushels of wheat. Would he prefer a market in which conditions are favorable and most farmers harvest large crops or a market in which conditions are unfavorable and many farmers harvest small crops? Why?
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