Writing Questions

Question-1:

Suppose you buy a new car. What is the opportunity cost of doing so.

Note: Your answer should be a minimum of 3 pages in total and include a minimum of 2-4 references. APA format, and no Plagiarism or AI content is allowed.

Question-2:

If there is an alteration of the price of a component to a good, why is that a change in demand when an alteration of the price of the good itself is a change in quantity supplied?

Note: Your answer should be a minimum of 3 pages in total and include a minimum of 2-4 references. APA format, and no Plagiarism or AI content is allowed.

Question-3:

Suppose both gasoline supply and demand are highly inelastic. Knowing that a change in the expected price of gasoline will shift both supply and demand, explain how these combined facts can lead you to an understanding of wildly changing gasoline prices.

Note: Your answer should be a minimum of 3 pages in total and include a minimum of 2-4 references. APA format, and no Plagiarism or AI content is allowed.

Note:

• Content should be clear, concise, and understandable in APA format
• No plagiarism or AI content is allowed.
• Please follow the minimum number of pages and include a minimum number of references.
• Check for any grammatical errors and sentence structure.

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