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Business, 26.03.2020 22:06, amulets7017
Many public utilities burn oil to generate electricity. If the price of oil increases, we expect a shift to the in the curve for and a price for electricity. a. left; demand; oil; lower b. right; demand; oil; higher c. left; supply; electricity; higher d. right; supply; electricity; lower
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Answers: 1
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Business, 22.06.2019 22:20, PrisonKing3749
David consumes two things: gasoline (q 1) and bread (q 2). david's utility function is u(q 1, q 2)equals70q 1 superscript 0.5 baseline q 2 superscript 0.5. let the price of gasoline be p 1, the price of bread be p 2, and income be y. derive david's demand curve for gasoline. david's demand for gasoline is q 1equals nothing. (properly format your expression using the tools in the palette. hover over tools to see keyboard shortcuts. e. g., a subscript can be created with the _ character.)
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Many public utilities burn oil to generate electricity. If the price of oil increases, we expect a s...
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