a drop in the cost of technology will cause?A a shift to the right of the supply curveB a shift to the left of the supply curveC a market Equilibrium between demand and supplyD a market shortage0

Q: a demand 8=400 アニー and équilil

A: The forces of demand (dd) and supply (ss) collectively determine the equilibrium price (Pe) and…

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A: The demand curve shows the negative relationship between price of the good and its quantity…

Q: What happens to the supply curve when the there is advancement in technology

A: Solving with the help of graph

Q: Which of the following statements about the supply curve is the most accurate? It shows how the…

A: Demand and supply are market forces which determine equilibrium in the free competitive market.

Q: K Farmers can raise either goats or ostriches on their land. Which of the following would cause the…

A: Supply:Supply is the total number of goods and services produced by a producer is called supply.…

Q: Suppose the demand and supply curves for product TOTOM are   Qd =550 – 2.5 p Qs = -125 + 4p Find the…

A: Equilibrium is achieved at a point where demand curve intersects the supply curve. Any price above…

Q: ad the following situations and determine if the supply curve should shift to the right (increase)…

A: Supply curve shows the total amount of supply of goods and services produced by a firm at various…

Q: If the price in a market is above the equilibrium price, this creates a. a shortage b. a surplus c.…

A: Equilibrium is a condition where the forces of market that is the supply and demand are perfectly…

Q: don't use chatgpt answer i will 5 upvotes and step by step explain.

A: a. A demand curve shows the relationship between the price and quantity demanded. If we see the…

Q: can you provide a detailed demand and supply diagram and apply it to the answer?

A: Market equilibrium is a situation in which the quantity of a good or service that producers are…

Q: The market for bell peppers is perfectly competitive and currently has an equilibrium price of $3…

A: A price floor creates a legally enforceable price below which the market price cannot fall. Price…

Q: Use graphs to demonstrate the effect of ashift in supply or demand, and describe what causesthese…

A: ANS The supply (SS) & the Demand (DD) curve depicts how the quantity (Q) supplied and Q demanded…

Q: According to a news story about the bus system in the Lehigh Valley in Pennsylvania, "Ridership fell…

A: In particular, the idea of price elasticity of demand is relevant to the microeconomics dilemma you…

Q: please draw the graph for question3, dont you respond me with chat gpt and dont give and writen…

A: Price Ceiling: When the market equilibrium price is quite large then in order to support the buyers…

Q: illustrates the market's demand and supply for cheddar cheese. Graph the data and find the…

A: Demand for a product refers to the quantity of a product that a consumer desires to buy and is…

Q: hich of the following scenario is caused by a movement alang the supply curve. O Americans…

A: The movement along the supply curve occurs when there is a rise in price and the supply curve does…

Q: With the outbreak of COVID-19, many people in Hong Kong choose cooking at home instead of dining out…

A: Demand Shocks: The term demand shock refers to the sudden increase or decrease in the demand for a…

Q: a drop in the cost of technology will cause?A a shift to the right of the supply curveB a shift to…

A: A decline in the cost of technology would decrease the total cost of production which would decrease…

Q: stion 23 of 80 tions 22 and 23 refer to the information below. The equilibrium price of T-shirs in…

A: Recall that equilibrium is determined by the intersection of demand and supply curves.  Therefore,…

Q: Consider the rental market for apartments depicted below. Suppose excess supply at P3 is 39 units.…

A: Below is the calculated excess supply:

Q: Find the supply factors that are important for showing the market equilibrium

A: supply is defined as the quantity of goods that the producers decide to sell in the market at any…

Q: Suppose that the demand for Prada scarves is given by Q = 53 - P and the supply of these scarves is…

A: Producer surplus is the difference between the price a producer receives for a produce and the cost…

Q: When the holiday season arrives this year, people prefer to buy gifts online. Which graph depicts…

A: In a market, demand implies the the quantity of goods and services that are required by the…

Q: Define law of supply and also give four reasons for the right shift ward of supply curve

A: Supply curve is a graphical representation of the quantity of commodities or services supplied by…

Q: CLEP Principles of Mcr uestion 22 of 80 estions 22 and 23 refer to the information below. The…

A: Answer: E ( 8) Explanation: At equilibrium, the quantity demand is equal to the quantity supplied.…

Q: What is an idelized market?

A: Among the different types of market structures, the perfectly competitive market is known as an…

Q: explain the Approximating a Continuous Demand in microeconomics

A: Demand refers to the quantity of goods and services the consumers are willing to buy at various give…

Q: Consider the market for minivans. For each of the events listed hereidentify which of the…

A: Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question…

Q: The graph shows the market for college education. To encourage the efficient number of students to…

A: A subsidy is a financial assistance or support provided by the government or an organization to…

Q: Carefully explain what is happening in the following markets. Indicate the impact if any on demand,…

A: The equilibrium price and the equilbrium quantity of a good sold in the market are determined by the…

Q: Under what conditions, a would like to supply less at a price? producer given

A: According to the given question If the producer supply less at the given amount of the price level…

Q: Plot the collowng hpothenical morokdnnd com supplyocchedulerur commod ty X Quantity Denanded mite…

A: Demand for a commodity refers to the number of units that a buyer desires and able to purchase from…

Q: The accompanying table gives part of the supply schedule for smart speakers in the United States.…

A: Here, the given table shows the price and quantity supplied of speaker in the market, and there are…

Q: The graph shows the supply curve of fitness trackers and the market price of a fitness tracker. Draw…

A: Marginal cost is the change in the production cost arising from producing another unit of the…

Q: A shift of the supply curve from S to S, could be caused by A. a change in consumers' preferences…

A: A supply curve represents the relationship between the quantity supplied and the price of a product.…

Q: Consider a cell phone market with an equilibrium price of $750 and an equilibrium quantity of 160…

A: Equilibrium is where the demand curve intersects the supply curve. Demand curve is the downward…

Q: Solve for the supply and demand

A: Price      Quantity Demand      Quantity Supply 127.75          1000                        108…

Q: 30 Supply 24 18 12 Demand 12 18 24 30 QUANTITY (Millions of bushels) PRICE (Dollars per bushel)

A: We have given a supply-demand curve

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Q: Equilibrium Describe what happens in a market when sellers set prices above the equilibrium price.…

A: The utility function displays all commodity bundles with the same utility level. The indifference…