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- IV. Before the pandemic, face masks were only used in certain hospitals handling highly contagious pulmonary diseases such as San Lazaro Hospitals and the ICUs of every hospital. However, studies and other health organizations and agencies talk about it’s effectiveness to prevent people from contracting the virus. Which of the following non-price determinants will affect the demand and in what way? How will it affect the country’s economy?using the diagram below defent thr point that a free market will always move from disequilibrium to equilibrium according to demand and supply theory Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.The hands-off camp generally believes that Select one: a. demand creates its own supply. b. markets do not self-adjust. c. markets do not exist. d. the world is ending in 2018. e. markets quickly self-adjust.
- help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all workingFor each of the events describe below, you are required to explain: 1. The market you are evaluating (e.g., labour market, automotive market, etc). 2. Does the event act on the demand side, supply side, or both sides of the market? 3. Does the event lead to a quantity or price change? Or does the event lead to a shift in demand, supply, or both? Make sure to explain what sort of assumptions you are making on the elasticities of demand and supply (when plotting your demand and supply, describe whether you are assuming an elastic or inelastic demand/supply). a) A reduction of supply as a consequence of a disruption in the world oil markets b) The implementation of a minimum wage c) The implementation of taxes to manufacturing of cars in Australia d) The implementation of a Carbon tax in the economy. A Carbon tax is charged according to the level of emissions of greenhouse gases in an economy. e) The implementation of a new loan program to university students in the education sector2. Read the following article: Sriracha Shortage Is Taking Some Spice Out of Life.¹ Use the Supply and Demand model to explain how the event(s) in the article affected the market of "Sriracha." Your explanation must include a graph. Note: If you state that demand, supply, or both curves shift, make sure to specify which shifter led to that change. See Sample (located in the Overview page) to use as a guide for this question. Also, your graph can be computer or hand drawn.
- Assume that in Dnipro electric public transport (trams and trolleybuses) decided to increase prices for tickets. Try to plot the graphs to demonstrate changes on the markets of - route buses (“marshrutka”) - taxi services; - trains. Note: Don’t forget to explain graphs, paying attention to price and quantity.24. Suppose that more security guards become aware that wearing Kevlar (bulletproof) vests can protect them from injury and decide to start wearing Kevlar. At the same time, the price of materials used to produce the vests falls. The equilibrium price of Kevlar vests produced a. increases; increases b. decreases; decreases c. probably changes, but in an ambiguous direction; probably changes, but in an ambiguous direction d. probably changes, but in an ambiguous direction; increases and the equilibrium quantityWhy are prices of agricultural commodities volatile? Discuss, drawing on economic theory and using examples. taking the wheat market as an example. What happens to the income of all wheat growers if the wheat supplied increases, with no other changes? What happens to the income of all wheat growers if the wheat supplied decreases, with no other changes?
- why you agree or disagree with the following statement: “Higher prices always yield higher revenues.”There is an increase in the number of adverts highlighting the danger of consuming sugar. Which of the following islikely to occur in the market for sugarless sweets, as a result of this? a. An increase in both the equilibrium price and quantity traded b. A decrease in equilibrium price and an increase in equilibrium quantity traded. c. A decrease in both the equilibrium price and quantity traded. d. An increase in the equilibrium price and a decrease in the equilibrium quantity traded.2.) If both demand and supply decrease at the same time this will cause _______ in equilibrium quantity and _____ in equilibrium price. Select one: a decrease; an uncertain change b. an uncertain change; an increase c. an increase; an uncertain change d. an uncertain change; a decrease 3.) Jon works as a carpenter part-time. That is his only job. He would prefer to have a full-time job but has been unable to find one. According to Statistics Canada, Jon is classified as: Select one: a. unemployed b. employed c. not part of the labour for d. a discouraged worker