Answer the following questions on the basis of the three sets of data for the country of North Vaudeville: (B) (A) (C) Price Level Real GDP Price Level Real GDP Price Level Real GDP 110 240 110 290 100 215 100 100 265 100 240 240 95 240 95 240 100 265 90 240 90 215 100 290 b. Assuming no change in hours of work, if real output per hour of work decreases by 15 percent, what will be the new levels of real GDP in the right column of B? Instructions: Round your answers to 2 decimal places. With a price level of 110, new output With a price level of 100, new output With a price level of 95, new output With a price level of 90, new output

= D(x) = 23 Espacio en Blanco 1: Espacio en Blanco 2: Espacio en Blanco 3: P = 1 X 20 and the price-supply equation = S(x) P = Given the price-demand equation (A) Find the equilibrium price. Answer: The equilibrium price is $ (use 2 decimal places) (B) The total gain to producers who are willing to supply units at a lower price is $ (C) The total savings to consumers who are willing to pay a higher price for the product is $ = 8+ 1 8000 (round to 2 decimal places) (use 2 decimal places)

QUESTION 25 Assume that there is a rise in common cold and cough in the winter months. On the other hand there is a low production of over the counter cold/cough medications How this combined situation will affect the price and quantity of such medications. Note: Make sure to explain all the steps of your analysis

What does this table show? Table 1: Picture 1 |  Table 1. Frequency of consumer price changes CPI excluding promotions: it is a measure of average prices that excludes goods that are subjected to some temporary discount or promotion; Price reversals: they refer to situations where, following a rise or fall in any given price, the subsequent change is an