Increase in Included in GDP $(Dollars) Scenario Edison pays a carpenter to build a deck for $48,000. Edison purchases $9,000 worth of building materials and builds a deck himself. The GDP? Y or N completed deck is valued at $48,000. Edison goes to the woods he owns, cuts down several trees, and uses the wood to build himself a deck valued at $48,000. The Klein family privately sells its house to the Reynolds family for $400,000 without any agent or attorney fees. The Klein sells its old house to the Reynold's family for $400,000. The Klein family then buys a a newly constructed house for $500,000. You win $2,500 at a casino in Italy. You purchase a used MacBook from a friend for $140. Your college or university updates its testing lab for $375,000. You earn $8,500 of profit in the stock market. You sell a used biology textbook for $60 to your college bookstore. You buy a new biology textbook for $180 from your college bookstore.

Calculate the percent change in the price of an office chair from 2010 to 2018.

The market for organic and locally sourced foods has skyrocketed over the past decade as consumers focus on improving their eating habits. However, severe droughts have caused organic food prices to rise significantly, forcing many consumers to shop at conventional supermarkets (which are increasingly adding organic food options) instead of organic food markets such as Whole Foods. In response, companies such as Whole Foods have begun offering more nonorganic options on their store shelves in order to provide their consumers with more affordable options. Based on this response, what did companies such as Whole Foods realize about the elasticity of demand for organic foods that caused them to lower their prices by changing the type of foods they sell?

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During the COVID 19 pandemic, the demand for personal protective equipment increased.  What adjustments would the market make as a result that would benefit the economy?   Group of answer choices   The price of personal protective equipment would fall because producers could not meet the demand at lower prices.   The price of personal protective equipment would rise, signaling to producers that more production was needed.   The price of personal protective equipment would rise, signaling to consumers that they should purchase less personal protective equipment.   The supply of personal protective equipment fell as production became more expensive.

A Moving to another question will save this response. Question 4 Refer to the information provided in Table 22.5 below to answer the question(s) that follow. Table 22.5 Price per Unit in 2014 2015 $2.00 Units Purchased 2013 $2.00 $2.00 $2.50 2016 $2.10 $2.40 $2.50 $3.50 $4.00 Blueberries 8 Pineapples $2.50 $3.00 Cheese 3 $3.00 Refer to Table 22.5. If 2014 is the base year, the consumer price index in 2013 is 0.893. 0.96. 1.04. 1.119.

An expectation of a lower price in the future will