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If a Simulation Result Does NOT Match the Intuition or Judgment

question 37

Multiple Choice

If a simulation result does NOT match the intuition or judgment of the decision maker,what can occur?

Analyze the impact of taxes on market equilibrium, including changes in consumer and producer surplus.
Understand and calculate the point elasticity of demand and supply in equilibrium.
Determine the economic effects of government interventions, such as taxes and subsidies, on market outcomes.
Calculate the revenue generated from taxes imposed on goods and services.

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