EBK PRINCIPLES OF MICROECONOMICS
EBK PRINCIPLES OF MICROECONOMICS
7th Edition
ISBN: 8220100469640
Author: Mankiw
Publisher: Cengage Learning US
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Chapter 22, Problem 4CQQ
To determine

Condorcet paradox and Arrow's impossibility theorem.

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If there is an oil shock, what will happen to the market for thick metal tables (they are very heavy)? Group of answer choices P decreases and Q increases. P decreases and Q decreases. P increases and Q decreases. P increases and Q increases.
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