Word® document to the Dropbox when completed. 1. Explain what would happen to equilibrium price and quantity in the market for Pepsi if the following occurred (be sure to indicate WHY it happens as well): a. The price of Coke decreases. If the price of coke decrease the demand will increase and if Pepsi stays the same the demand will stand still. b. Average household income falls from $50‚000 to $43‚000 I think the demand would decrease because of household budget cuts.
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the population growth of Switzerland over a period of 114 years‚ from 1900-2014‚ calculating the growth rate and predicting the future population. I chose this topic as I live in Switzerland and wanted to find out how the country has developed over 114 years. It therefore is of relevance to me. We were discussing population growth trends in geography class and it interested me how different countries had different growth patterns. In general‚ I wanted to learn more about modeling a population growth
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The population of the world is slowly increasing. As this happens‚ we need to take great caution in making sure we don’t harm the environment. If we don’t be careful then it could lead to disastrous effects for us and nature. As cities grow larger and larger the natural land around them is being turned into homes and office buildings. We need to set up more parks inside cities to allow for the large amount of urbanization. These parks help to beautify the city while helping to preserve our environment
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Supply and demand simulation: Project Atlantis The supply and demand simulation was a simulation of GoodLife Management‚ a property management firm controlling all of the seven apartment complexes in the city of Atlantis. For the 9 year period in the simulation the housing market had many ups and downs because of businesses moving into the area bringing an increased amount of jobs‚ the change in consumer preferences and company expectations‚ and the policy changes induced from the government.
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Supply and Demand Simulation ECO/365 November 26‚ 2012 The purpose of this paper is to discuss the Supply and Demand simulation from the student website. The idea is to identify two microeconomic and two macroeconomic principles present in the simulation and to explain why these principles are categorized as macro or microeconomic. The paper will also determine one shift of the supply curve and one shift of the demand curve from the simulation‚ as well as why these
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eighteenth century saw a population explosion in England and Wales with the English populace growing from 5.05 million in 1701 to 8.7 million in 1801. The population level was reasonably inert in the first half of the century with only an increase to 5.77 million in 1751‚ the main population growth occurred from 1751 until the mid nineteenth century‚ by which point it had reached a staggering 16.8 million. There is debate by historians as to whether the growth in population over this period is due
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Supply and Demand Simulation Supply and Demand Simulation MACRO AND MICROECONOMICS Two principles of macroeconomics are local income and housing market growth in the town of Atlantis. I chose these because if the people of Atlantis’ have low income‚ they will not be able to pay for apartments in the area that have high rent. This would hinder the housing and apartment complex growth in the area because there would be no economic support. Two principles of microeconomics
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Gasoline Prices - The Supply‚ Demand and Competition Gasoline Prices - The Supply‚ Demand and Competition Each time I fill up my car at the gas pump I often wonder why gas prices fluctuate the way they do. What factors really contribute to this growing consumer issue? The price of crude oil is by far the main determinant in gasoline prices. Other contributing factors include the speed in which retail gas prices adjust to changes in crude oil and wholesale gas prices‚ refinery profit
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Ramirez English26 10/21/14 Growth mindset Can the growth mindset help people fulfill their potential more effectively than the fixed mindset? Dweck argues that the growth mindset will allow a person to live a less stressful and more successful life. When‚ in a fixed mindset students believe their basic abilities‚ their intelligence‚ their talents‚ are just fixed traits. Dweck mentions how effectively the growth mindset can be‚ than a fixed mindset. When using the growth mindset‚ a person can be more
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Unit 2: Supply and Demand - QuizTop of Form Question 1. 1. An article in the Wall Street Journal in early 2001 noted two developments in the market for laser eye surgery. The first development concerned side effects from the surgery‚ including blurred vision. The second development was that the companies renting eye-surgery machinery to doctors had reduced their charges. In the market for laser eye surgeries‚ these two developments (Points : 1) decreased demand and decreased supply‚ resulting
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