Can you describe and write the advantages and disadvantage of market dynamics. And write the parts of market dynamics and what are the market dynamics
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- The following graph plots the supply and demand curves in the market for polaroid cameras. Use the black point (plus symbol) to indicate the equilibrium price and quantity of polaroid cameras. Then use the green point (triangle symbol) to fill the area representing consumer surplus, and use the purple point (diamond symbol) to fill the area representing producer surplus. 350 Demand 315 PRICE (Dollars per camera) 105 # # 3 * • 200 245 210 175 140 Supply 0 40 120 100 200 240 250 320 360 400 QUANTITY (Millions of cameras) Total surplus in this market is S million. + Equilibrium A Consumer Surplus Producer SurplusWhat is a competitive market? Briefly describe the types of markets other than perfectly competitive markets.. In a competitive market, how will the actions of any single buyer or seller impact the market price?
- Graph the following c. People of town X move to town Y. Supply in town X remains the same. Show effects on market price and demand in the former d. Market price of palay is P15/kilo, Government increases it to P20/kilo. Show effects e. A bountiful harvest of rice in the latest harvest season. With demand remaining the same show effects on market price and supply curve. NOTE: PLEASE DON'T DO IT IN HAND-WRITTEN.The table provides information on the supply schedules of hot air balloon rides by Xavier, Yasmin, and Zack, who are the only sellers in the market. When the price is $80 a ride, what is each seller's producer surplus? What is the market producer surplus when the price is $80 a ride? CKED When the price is $80 a ride, Xavier's producer surplus is When the price is $80 a ride, Yasmin's producer surplus is When the price is $80 a ride, Zack's producer surplus is When the price is $80 a ride, the market producer surplus is $ Price (dollars per ride) 100 8882889 90 80 70 60 50 40 Xavier 30 25 20 15 10 5 0 Quantity supplied (rides per week) Yasmin 25 2242400 15 10 Zack 85950o. 20 15 10If less rainfall limited the supply of Indian onion production, how will it change the equilibrium price in the Indian market? If the Indian Government reduces export incentives, how will it affect/change the demand or supply of onion in India in the free market? Show with a diagram.
- higher education as well. 2. If the State of California does not subsidize the University of California (i.e. let it become a private university fully funded by tuition), will the market for higher education produce too much, too little, or just the right amount of higher education? Use a graph to explain.B. Let’s consider the market for flour in a different town. Assume that it is efficient (i.e. that there are not external costs to producing flour, and no external benefits from consuming it). Price ($/lb) Quantity Supplied (thousands of lbs per day) Quantity Demanded (thousands of lbs per day) 1.5 8 14 2 9 13 2.5 10 12 3 11 11 3.5 12 10 4 13 9 What is the price and quantity of flour sold without government intervention. Graph this equilibrium. XXXX 2. Suppose that, alarmed by the inability of many poorer consumers to buy flour, the government institutes a $2/lb price ceiling. How much flour will suppliers wish to sell, and how much will buyers demand? How much flour will actually be sold? Show this outcome on the same graph you drew for question 1. XXXX 3. Describe, in one sentence each, three problems that this policy might create? Please do not simply copy down phrases from the textbook, but instead describe ways that…K Suppose the government adopts a policy that forces pesticide producers to bear the social costs of groundwater contamination associated with the use of their product. This policy will the price of pesticides. Since orange growers regard the pesticide as a key input in the production of oranges, the market for oranges will obviously be affected. Using the line drawing tool, show how the policy on pesticides impacts the market for oranges. Properly label the line. Carefully follow the instructions above, and only draw the required objects. The government policy on pesticides causes the market price of oranges to The government policy on pesticides causes the equilibrium quantity of oranges to
- In April 2007, there were shortages of Ghacem cement in the country which led to a risein the price of Ghacem cement. The government then intended to put a price ceiling oncement in the country to minimize the loss to users of cement for construction purposes.Some people were of the view that “the fixing of a price ceiling for cement in the countrywill not have any effect”. Briefly discuss with the aid of an appropriate diagram the effectof the imposition of price ceiling on Ghacem cement market.Markets are said to generate a benefit to society in the form of "gains from trade." These gains from trade can be calculated in the form of ___ A. the total surplus.B. the bargaining agreement.C. the producer surplus.D. the consumer surplus.1.What is a market and what is the key to functioning markets? Explain.2. How do competitive markets guide the allocation of resources?3. Give an example of a good or service that should not be allocated entirely by a free, unregulated market. Explain your reasoning. 4. Identify a price control that is, has been, or could be enacted in the real world. Then, explain the potential benefits and drawbacks of that control. A goal of this prompt is to see both sides of an argument, so please come up with at least one argument for and against said price control.
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