1. Business
  2. Economics
  3. 8 what is the equilibrium price 9 does the supply...

Question: 8 what is the equilibrium price 9 does the supply...

Question details

8) what is the equilibrium price? 9) does the supply curve go up or down? 10) you are dependent on a drug to keep your heart beating and the drug company decides to double the price. are you going to cut your use of the drug in half? explain 11) the current price of gasoline in Salem is $2.37 per gallon. You stop on the mass turnpike and discover that gas is $2.73 per gallon. why would it be higher there? 12) joe is going to quit teaching to raise hogs on his property. he plans to raise 10,000 hogs when he is fully operational.can you think any reasons that his neighbors on the adjoining land might be unhappy about this?

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution