The Texas governor who worked for public support of "bread bonds" was Miriam Amanda Ferguson.
<h3>Who is
Miriam Amanda Ferguson?</h3>
Miriam Amanda Ferguson was an American politician who was born on the 13th of June, 1875 in Bell County, Texas, United States of America and she died on the 25th of June, 1961 in Austin, Texas, United States of America.
Miriam was elected to serve as the governor of Texas on two occasions during which supported many "New Deal" initiatives such as "bread bonds" along with federal funds to provide public support and address their welfare needs.
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Difference of two squares
it always results in a^2-b^2
An Economic Good that I have used today is a laptop and an Economic Service that I have used today is bank.
Economics can be defined as a field of science that is focused on the analysis and examination of various principles that influence the production, demand and supply of goods and services.
Another purpose for the studying economics is to examine certain principles that influence the production of goods and services.
So, we can conclude that economics states that we are all consumers and a consumer is someone who uses both economic goods and services.
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(A) The supply function generally is considered to have positive slope. Qa has positive slope. Qb has negative slope, so is probably the demand function.
supply function: Qa
demand function: Qb
(B) The equilibrium price is the price that makes supply equal to demand.
Qa = Qb
50 +p = 200 -4p
5p = 150
p = 30
The equilibrium price is 30.
(C) The price elasticity of supply is computed as
Es = (dQa/dp)·(P/Qa) = 1·p/(50+p)
Es = p/(50+p)
At p=30, the numerical value is Es = 30/80 = 3/8. Qualitatively, the supply is inelastic.
