1. Which of the following would most likely cause equilibrium quantity and price of x to rise? (a) a fall in income when the income elasticity of demand for x is positive Wrong. This will cause a drop in demand and thus a fall in quantity. (b) a fall in the price of complementary product y Correct. A fall in a complementary product will cause a rise in demand for that product “y” and thus a rise in demand of product “x” (see graph). (c) a fall in the price of substitute product Z Wrong
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There isn’t enough mechanics to work on the weekends. Why isn’t their enough mechanics to work on the weekends? The company needs to hire more than one mechanic. Final problem statement: Why isn’t there enough mechanics to work on the weekends? Clarification of changes The changes in my problem statement are based on the application of the restatement process. The reason for the change was after asking why and why again‚ I was able to get to the bottom of the original problem which was the high
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Cause and Effect Students make many choices and decisions influencing their academic lives a positive or negative way. None more significantly than how they adapt to their undergraduate experience. Immature college entrants tend to act financially irresponsible and/or waste their precious time partying. Even thought most students do not intend to ruin their college career‚ their behavior and priorities directly impact their GPA. This paper will attempt to explain what factors predict failure
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The Cause of Poverty In today’s world poverty is a huge issue that most people experience during their lives. Imagine searching through heaping piles of refuse at landfills‚ looking for anything that could seem partly edible‚ to satisfy an unending hunger. Many people around the world are facing this situation every day of their lives. What could have caused a situation like this to occur? Poverty in general means the condition where people’s basic needs for food‚ clothing‚ and shelter are not
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Causes of World War 1 In 1914‚ a conflict arose in Europe that started what is now called World War 1 (WW1). This war did not just spring up out of nowhere there many causes involved that started this vast conflict. The immediate cause of WW1 was the assassination of the Archduke Franz Ferdinand who was killed in the Bosnian capital Sarajevo (Mulligan). The main cause of WW1 is M.A.I.N which represents militarism‚ alliance systems‚ imperialism‚ and nationalism (Danzer 579). And a contributing factor
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"WW1" and "WWI" redirect here. For the album by White Whale‚ see WWI (album). Page semi-protected World War I WW1 TitlePicture For Wikipedia Article.jpg Clockwise from top: trenches on the Western Front; a British Mark IV Tank crossing a trench; Royal Navy battleship HMS Irresistible sinking after striking a mine at the Battle of the Dardanelles; a Vickers machine gun crew with gas masks‚ and German Albatros D.III biplanes Date 28 July 1914 – 11 November 1918 (Armistice) Treaty of Versailles
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Causes of Accident Challenger’s STS-51L mission was scheduled for Launch at NASA’s Kennedy Space Center in Cape Canaveral‚ Fla. “After several technical and weather-related delays‚ Challenger launched at 11:38 a.m. EST on Jan. 28‚ 1986” (Chow‚ 2011). The ship exploded 73 seconds after liftoff (Howell‚ 2012). The (mechanical) cause of the accident points to pressure seals (O-rings) but more importantly points to the serious problems that NASA had with its communication channels and safety information
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Cause and Effect Fast Food Phenomena Fast Food Restaurants have become the leading food source for most Americans today. It’s not uncommon to find Fast food places very close to one another‚ even right next to each other in some areas of a town. Popularity for fast food has grown rapidly. Just in the past couple of decades you can see the difference of how many fast food places there are between decades. You can now find all types of fast food restaurants offering different varieties of
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The cause of WWII World war II is a very difficult time to unravel. It all started as the treaty of Versailles threatened to demolish Germany completely. Various political parties competed with each other‚ trying to gain the upper hand‚ which would allow them to take control of Germany and gain power. However these parties weren’t enough to convince the people that Germany could be revived gain. After the First World War Germany was accused of starting of it and thus in the treaty of Versailles
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Two Major Military Alliances By Shannai Sloan The real cause of world war one was the existence of two major military alliances. An alliance is a union or association formed for mutual benefit‚ especially between countries or organisations. As all the major European countries were apart of one of the two alliances‚ any conflict between countries could cause an outbreak in war between them all. Firstly‚ with Europe being split in half with the two alliances it caused suspicion and fear between
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