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- The Covid-19 is a highly contagious disease. Although there are vaccines for Covid-19, the vaccination is not free and there are side effects of the vaccine, making it less suitable especially for senior citizens. The government encourages people to go for vaccination against Covid-19 but make it optional. Discusswith a suitable market diagram whether the vaccination market is efficient. Will the vaccination market be efficient if the government makes it compulsory for all people to take the vaccine? Explain with a suitable diagram.3 and 4 please. Thank you. In a competitive market, how will the actions of any single buyer or seller impact the market price?
- 2. Consider the Table below representing the number of 21-inch colour TV's individuals are willing to purchase in Ndola and Kitwe: Price Quantity Demanded-Kitwe Quantity Demanded- Ndola К350 100 75 К325 150 100 К300 200 125 K275 250 150 K250 300 175 a) Plot these data, with price (P) on the vertical axis and quantity (Q) on the horizontal axis. Connect the points for quantity demanded in Ndola and Kitwe. Lebel the Ndola line D1 and the Kitwe line D2). b) Find the increase in the quantity of TV units purchased in Ndola and Kitwe when the price of TV's is lowered from K300 to K275. c) Find the slope of the Demand lines D1 and D2 when the price is lowered from кз00 to K275. d) What does the difference in the slope of demand lines D1 and D2 indicate? e) Obtain the National demand schedule if Kitwe and Ndola were the only cities in the country. f) Explain what will happen to demand for TVs if one of the following happen i) ii) iii) Price of DSTV increases There is a wage freeze in the…12:30 .l market analysis using d. classroom.google.com Open with Google Docs v nics PA PL Explain each graph using demand and supply analysis. Your work Assigned + Add or create Page 1 | 1 ... ...pls, solve this ques within 10-15 minutes with clear explanations and also explain why other options are wrong I'll give you multiple upvotes.
- Refer to Table 2-2 What QUANTITY is traded at the equilibrium price?An alternative way of thinking about the forces that cause markets to equlibrate in the real world is to think of markets reallocating the good from low to high valued use. Or to think of how the action of buyers and sellers engaging in mutually beneficial voluntary exchange (market forces) reallocates legal ownership or the physical location of the good from low to high valued used. Consider the demand at a price of $9. 12 10 8 6 4 2 0 02 units 10 20 30 40 Price 10 9 8 7 6 5 4 3 2 Price 10 9 1 8 7 6 5 4 3 2 1 Ying 0 0 0 0 1 1 Boom 1 0 0 0 0 0 0 0 0 0 1 1 1 1 Som 0 0 0 0 3 3 3 5 5 7 Oiy 7 5 5 3 3 0 0 0 0 0 Quantity Demanded Fon Nam 0 0 0 0 1 2 3 5 0 0 0 4 6 7 8 10 12 7 9 11 Quantity Supplied Cartoon Apple 6 11 5 9 4 7 3 5 2 3 1 2 0 1 0 0 0 0 0 0 Gob 0 1 2 4 6 8 8 10 10 10 Kai 10 10 10 8 8 6 4 2 Yam 0 1 2 4 5 5 5 Market Supply ➡Market Demand 1 0 5 5 7 Mint 7 5 5 5 5 5 4 2 Market Demand 0 2 4 9 21 26 29 36 40 48 1 0 Market Supply 42 34 31 24 21 14 9 4 2 0 2 units of the good are demanded…Economics Question
- Refer to Figure 4-5. If these are the only two sellers in the market, then the market quantity supplied at a price of $6 is a. 12 units. b. 9 units. c. 8 units. d. 21 units.4. Suppose that a market with an inelastic demand curve experiences an upward shift (to the left) in the supply curve. Using comparative statics, analyze how the equilibrium price and equilibrium quantity in this market will change as a result of this shift in the supply curve. What is the magnitude of the change in the equilibrium price and equilibrium quantity? Be sure to illustrate your answer with graph.Question 1: QUESTION d Read the scenario and determine if it wil change the supply or the demand of the market listed. Will equilibrium price increaseor decrease ? Will equilibrium quantit increase or decrease? Market: Sugar produced in the United State Scenario: Tarifts on imported sugar lead U.S, sugar to buy more from U.S, sugar producers. Supply or demand? Equilibrium price? Equillbrium quanity? Market: Chunky Monkey Icecream Scenario: Social Media Influencer Addison Rae advertises Kemps vanilla frozen yogurt to her 100 million followers. Supply or demand? Equilibrium Price? Equilibrium Quanity? Market: New computer Scenario: U.S treasury announces new stimulus check that would be sent to all households. Supply or demand? Equillibrium Price? Equillibrium Quantiy? Market: Trucking Service Scenario: OPEC announces a massive oil production increase driving down the cost of gas Supply or demand? Equilibrium Price? Equilibrium Quantity?