In Chapter 4 of The Little Book of Economics, Ip talks about the natural rate of unemployment as the rate of unemployment that will not lead to an acceleration in inflation. Keep this reading in mind
September 4, 2020
Tiger Beer has a single plant that it built for 100 million dollars in 2010. Each year it has a loan repayment of 6 million to pay off the loan it…
September 4, 2020

 Consider twogoods: peanut butter and jelly. If the price of jelly increases from N$2 a jarto N$3 per jar and the quantity demanded of peanut butter decreases from 50jars to 45 jars, what is the cross elasticity of demand? Are the goodssubstitutes or complements? [4 marks]

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