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Understanding Economics
Understanding Economics: A Contemporary Perspective, 2/e
Mark Lovewell, Ryerson Polytechnic University
Monopoly and Imperfect Competition

Internet Application Questions



1

Access Statistics Canada's E-Stat Site.
  1. Using the information in 'Prices and Price Indexes', find the price index of wired long distance telephone services to business in Canada in 1997 and 1998.
  2. Using the information in 'Telecommunications', find telephone toll minutes in Canada (expressed as an adjusted annual average) in 1997 and 1998.
  3. Is the relationship in these two years between the price of long distance calls and the quantity of telephone toll minutes consumed in Canada the one you would expect? Why or why not?

 




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