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can i get help with this i have a quiz tomorrow based on it q1:ceteris paribus is an essential concept for evaluating economic models. Consider

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can i get help with this i have a quiz tomorrow based on it

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q1:"ceteris paribus" is an essential concept for evaluating economic models. Consider a model where the price of a product and the income of individuals is allowed to change. Would this violate the "ceteris paribus" assumption? What about a model where we only changed the price of a product? Please answer the two questions and explain your reasoning. q2:WTI (West Texas Intermediate) is often used as an indicator for the U.S. oil market. Below is a graph showing 70 years of historic prices. Please analyze the graph and identify the 20 year period that had the lowest volatility. Note that time is on the x-axis and price-per-barrel on the y-axis. $160 $140 $120 $100 $80 $60 $40 $20 1950 1960 1970 1900 1990 2000 2010 2020. Please define Competitive Markets and Imperfect Markets and provide examples of both (not examples used in the lecture) . Please explain the difference between quantity demanded and demand. . Based on the below chart, calculate total market demand for salmon at the price of $12.50 per pound. Price of salmon Melissa's demand Ryan's demand (per pound) (per month) (per month) $20,00 $17.5. Font $15.00 $12.50 $10.00 $ 7.50 $ 5.00 $ 2.50 $ 0.00 AwwNNHOOConsider the following scenarios and please describe the result it would have on the supply or demand curve. In the description include if the scenario will result in a movement along the curve or a shift in the CUWE and include the direction of the movement and some reasoning for 1,rour answer. ' Due to unfair working conditions at one of their factories, the workers at M company stage a strike and refuse to work. ' The market price of beef drops from 52D to $13 causing producers to reduce their supply from SOD to I'DD. ' A global recession causes millions of workers to lose their jobs

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