Q48 People often complain about price gouging after a disaster such as ahurricane. Suppose the government successfully prevented price increasesdue to the disaster. We would expectreconstruction to take longer because the quantity supplied of new materials wouldincrease more slowly.O reconstruction to take less time because the demand for materials would increasefaster.reconstruction never to occur.reconstruction to take less time because the government could rebuild more quicklywhen people are not in the way.

At the time of disaster, most of the crop or other resources get destroyed due to which suppliers…

Answered: People often complain about price…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Marites started living in his own house after turning 25 years old. When he turned 26, he became fond of buying a pack of Pan De Manila wheat bread every Saturday at 5:30PM. The price of thebread is Php85.00 per pack. Assume the following:1. Marites will live until 95 years old.2. The price of the bread will remain constant,3. Marites' purchasing habit will not change. What is the lifetime value than can be generated from Marites as a customer of Pan de Manila wheat bread?
Determine your personal savings if: $9800 is the personal consumption expenditure. $12,000 is the personal discretionary income.
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