1. If there is a tax cut at the same time that major new sources of oil are discovered in the country, what would we expect will happen in the short run? Explain your answer?

Only typed answer and please don't use chatgpt    (I)Consider the market for milk in Saskatchewan. If p is the price of milk (cents per litre) and Qis the quantity of litres (in millions per month), suppose that the demand and supply curves formilk are given by:   Demand: p = 225 -15QD   Supply: p = 25 + 35QS   a.Assuming there is no government intervention in this market, what is the equilibrium price and quantity?   Equilibrium Price = $165 Quantity = 4Liters   b. Now suppose the government guarantees milk producers a price of $2 per litre and promises to buy any amount of milk that the producers cannot sell. What are the quantity demanded and quantity supplied at this guaranteed price?   Please answer B.

I. How had the Russia-Ukraine war impacted the oil market? Draw a supply-demand graph to briefly explain your answer. Please label the vertical and horizontal axes and show whether the supply or the demand curve had shifted. 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.

Typed and correct answer please. I ll rate

Hi, Please help in sloving the attached Question from Economics. Regards,

1. If a company introduces a new program and finds that orders from wholesalers far exceed the number of units that are being produced, there is an ____demand and price can be expected to _. 2. Russia was affected by a significant draught. Russia is a major producer and exporter of several agricultural commodities. As a result of the draught, Russia reduced some of its agricultural exports. In the context of the world supply/demand model for the affected agricultural commodities we should observe: supply and ______demand.   Explain the answer

Consider a closed economy. Suppose the market for corn in ABC corp is competitive. The domestic supply and demand fucntion of corn is Qs = 10P-20 and Qd = 180-10P, respectively. Both of them measued in billions of bushels per year. 1. Suppose the govt. uses the price support progam to increase market price by $2 What is the equilibrium price and qty? What is the CS, PS, DWL, and Govt expenditure? Calcute the value and show GRAPHICALLY. 2. Now ignore part1 and consider a small open economy instead. The domenstic supply and demand curves remain the same. Suppose the wrold price is Pw = $6. Suppose the govt impose a tariff of $2 per bushel. What is the equillibrium price and qty? What is the CS, PS, DWL, and Govt expenditure? Calcute the value and show GRAPHICALLY.

A controversial issue in managing climate change is the effect of taxes on gasoline. Higher taxes would reduce the after-tax price received by gasoline producers. The price elasticity of the supply of gasoline has been estimated to be 2.0.a. Explain why the price elasticity of supply is positive.b. Suppose that a tax on gasoline reduces the after-tax price of gasoline by 5%. By how much would suppliers reduce gasoline production?c. Compare the effect of the tax on gasoline in the short vis-à-vis long run.

20 10 -demand - uey with ta How much revenue will the government gain if they put a $6 tax on this product? Do not write the dollar symbol ($) because that confuses the computer. Write just a number. 16

When both the demand for and supply of bottld water increase but demand increases by more than supply increases how do the quantity and the price change? The quantity _____ and the price ______.  A. might increase or decrease; falls B. increases; rises C. might increase or decrease; rises D. decreases; falls