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Suppose We Imagine the Sun to Be About the Size

question 116

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Suppose we imagine the Sun to be about the size of a grapefruit (about 10 cm across) . How far away are the nearest stars (the three stars of Alpha Centauri) ?

Grasp the relationship between the prices of complements and substitutes and their demands.
Understand market dynamics in response to changes in income and distinguish between normal and inferior goods.
Predict market outcomes based on technological improvements or changes in production costs.
Identify the effects of entry or exit of suppliers and changes in substitute goods on market equilibrium.

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