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Economics
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Explain one negative externality that could occur due to the building of a new airport.

One negative externality that could occur would be the potential noise pollution that it creates as neighbouring residents may be unhappy about the new disruption.Another negative externality could occur ...

Answered by Rahil V. Economics tutor
1132 Views

What are supply side polcies?

These are policies imposed by the government in order to increase the productive potential of the economy. In simple terms, it is basically a way of making people work better and for companies to produce ...

Answered by Sina S. Economics tutor
1594 Views

Explain one possible effect on the equilibrium market price of an increase in production costs for firms. (2 marks)

An increase in a firm's production costs might also mean a fall in a firm's willingness to supply a product, thereby resulting in a fall in the quantity of the product supplied, resulting in a new higher ...

Answered by Sam H. Economics tutor
1309 Views

In theory, what should happen if there is excess supply for a good, what should happen?

a) prices remain constantb) suppliers will increase pricec) consumers will demand mored) suppliers will reduce pricethe answer would be D as the supply increases, this causes a rightwards shift in supply,...

Answered by Adam D. Economics tutor
1102 Views

In micro-economics, why is a demand curve downwards sloping?

A downwards sloping demand curve in a supply and demand diagram for micro-economics sits on a X axis named quantity and Y axis named price. The demand curve is linear and slops downwards start from Q=0 an...

Answered by Hugh B. Economics tutor
1577 Views

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