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- Please answer fast and ArjentPlease see attachment and answer the same asapusing 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.
- For 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 sectorThe information problem of central planning is related to the incredible amount of information needed to know: the place where a good is produced, the place where the good is purchased, the place where the good is consumed, and so on. O the people who produce a certain good, the people who employ those people, the people who employ the employers, and so on. the value of a good in all of its uses, all of the substitutes for a good, the value of the substitutes in all of their uses, and so on. the price of a certain good, the prices of the inputs for the good, the prices of the inputs to the inputs, and so on.io 0 ВО Which point/s represent an equilibrium in the goods market? O a. A only O b. A and D O c. A and C O d. All of the above A E Yo D C LMo ISO Y
- At a price of $2, What would be created and what would be the amount of what is created? Shortage:40 Shortage:90 Surplus:40 Surplus:90Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. Graph Input Tool Market for Teapots 100 I Price (Dollars per teapot) 90 20 Supply 80 Quantity Supplied (Teapots) Quantity Demanded 190 310 70 (Teapots) 60 50 40 Demand 30 20 10 50 100 150 200 250 300 350 400 450 500 QUANTITY (Teapots) The equilibrium price in this market is $ per teapot, and the equilibrium quantity is teapots bought and sold per month. Complete the following table by indicating at each price whether there is a shortage or surplus in the market, the amount of that shortage or surplus, and whether this places upward or downward pressure on prices. Price Shortage or Surplus Amount (Dollars per teapot) Shortage or Surplus (Teapots) Pressure 40 60 PRICE (Dollars per teapot)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.