SELF-CHECK QUESTIONS 1. Review Figure 3.4. Suppose the price of gasoline is $1.60 per gallon. Is the quantity demanded higher or lower than at the equilibrium price of $1.40 per gallon? What about the quantity supplied? Is there a shortage or a surplus in the market? If so, how much? 2. Why do economists use […]
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What is the fundamental difference between European countries and the USA in terms of quality of life?
Doing- Geography 1 Trailer: https://www.youtube.com/watch?v=r4JJvfrkH3M (2-3 minutes) Movie: https://www.youtube.com/watch?v=qgU0I8rl-ps (2 hours approximately) Do not worry if the film takes a few minutes to download (depending upon your internet speed and browser). The film lasts about 2 hours. Try a new browser (google, firefox) if one does not work. As you watch the film answer the […]
