Economy, asked by minhakhan024, 25 days ago

1. Write down demand and supply equations for wireless phones; include two exogenous variables in each equation.
2. Draw a supply-demand graph for wireless phones. 3. Use your graph to show how a change in one of your exogenous variables affects the model’s endogenous variables.

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Answered by sharanykvm

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The use of multiple models§So we will learn different models for studying different issues (e.g., unemployment, inflation, long-run growth). §For each new model, you should keep track of §its assumptions §which variables are endogenous, which are exogenous§the questions it can help us understand,THOSE IT CANNOT

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1. Write down demand and supply equations for wireless phones; include two exogenous variables in each equation. 2. Draw a supply-demand graph for wireless phones. 3. Use your graph to show how a change in one of your exogenous variables affects the model’s endogenous variables.​

Answers

1. Write down demand and supply equations for wireless phones; include two exogenous variables in each equation.
2. Draw a supply-demand graph for wireless phones. 3. Use your graph to show how a change in one of your exogenous variables affects the model’s endogenous variables.