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The elasticity of demand for a product

        Pick a product or service that you consume on a regular basis and speculate on what the elasticity of demand might be for that product. What might be the income elasticity of demand for that product? Explain and support why you think the product has the...

Consumer, Produces and Total Surplus

        Consumer Surplus. Producer Surplus. Total Surplus. How are these concepts used to explain welfare economics? How are these concepts used to explain the benefits of trade? How are these concepts used to explain why restricting trade reduces societal wellbeing?...

Mixed Method Research

  Discussion Questions: After learning about qualitative, quantitative, and mixed methods, overall, which are the most effective means of analyzing data? What are some reasons why you will choose one method or the other for your project in this class, and can you...
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