Grade 12 Analyzing Current Economic Issues (CIA4U) | Fun Lea
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You're deciding between a part-time job earning $15/hour for 10 hours a week and a coding bootcamp that costs $500 but could boost your future earnings. What is the opportunity cost of choosing the bootcamp for one week?
The Canadian government announces a new subsidy for electric vehicle (EV) manufacturers in Ontario. Using demand and supply analysis, what is the most likely immediate effect on the market for EVs?
A Toronto coffee shop notices that a 10% price increase on lattes leads to a 25% drop in quantity demanded. Meanwhile, a 10% price increase on their specialty sandwiches leads to only a 5% drop. Which product has a more elastic demand, and what does that imply for pricing strategy?
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