a)
Which of the following is typically not used to evaluate economic policy?
O Stability
O
O Kosher-Index
O Equity
b)
Consider following demand and supply function for a market: D: P-280-2Q: S: P=30+8Q. The market
Q-45
Q = 55
Q-35
Q-25
c)
Consider the market for wheat, which currently is in equilibrium. Covid-19 related social distancing requirements make production more expensive. This will lead to
O An increase in
O A decrease in equilibrium price and an increase in equilibrium quantity
O An increase in equilibrium price and a decrease in equilibrium quantity
O A decrease in equilibrium price and quantity
Since all are distinct questions, we will answer the first one only. Please resubmit the other questions separately in case you want those to be answered also.
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