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28 Jan 2018
1. Give a detailed explanation on the potential impact of rising demand from china and Chinese âdiagousâ on the economic welfare of both Australian consumers and producers
a. What are appropriate diagrams and models that support your answer
b. What are possible intervention strategies the government could use: keep in mind the impact it would have on price, output; and consumer and producer welfare
c. How does economic efficiency relate to this?
1. Give a detailed explanation on the potential impact of rising demand from china and Chinese âdiagousâ on the economic welfare of both Australian consumers and producers
a. What are appropriate diagrams and models that support your answer
b. What are possible intervention strategies the government could use: keep in mind the impact it would have on price, output; and consumer and producer welfare
c. How does economic efficiency relate to this?
2
answers
0
watching
77
views
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