Economic Implications Analysis, economics homework help

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Economics

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Economic Implications Analysis Paper 2 to 3 pages. Must use scholarly references and use the reference short answers provided.

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Economic Implications Analysis Paper (2-3 pages in length) Drawing on the course text, and the video “Federal Deficits” (#24) and additional reputable economic sources; apply economic concepts to reflect on and analyze the implications of the application of the respective economic policy on your organization of the Chapter 11, Number 3 Short Answer Question. Submit via Canvas by Friday.1, 2,3,4 short answer and 5 And 1-4 on this page
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Running head: ECONOMICS

1

Economics
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2
Economics
A good that is perfectly inelastic
A good is perfectly inelastic when irrespective of the movement in price the consumer
will buy it. There are no substitutes for such a good thus the perfect inelasticity.
An example is insulin for patients with diabetes. No matter the price of insulin a diabetic has to
buy it since their life depend on it.
A good with inelastic demand
These are goods that demand does not change despite increase of fall of its price. An
example of this good is electricity. If the price of electricity goes up the demand wil...


Anonymous
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