11/11/23

microeconomics question
A pharmaceutical company produces a drug that is effective in reducing blood clots in humans, as well as treating kidney disease in cats. The price elasticity of demand for the drug used by humans... more
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10/12/23

Who pays the tariffs on imports on foreign steel into the United States? How does the payee deal with the additional costs that the tariffs represent?
Related to the American steel tariffs.
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09/26/23

What does it mean when consumer surplus = producer surplus?
In one of my econ questions, I got the same $ for consumer surplus and producer surplus. What does this indicate? Does it mean that both producers and consumers are happy with what they paid... more
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