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- Evaluate the set of events below. Determine how the events will impact their respective markets. a. In examining the market for personal computers, a technological improvement reduces the cost of production. The effect of the event will be in . As a result, the equilibrium price will and the equilibrium quantity will . b. In examining the market for smart phones, there is a reduction in the number of sellers. The effect of the event will be in . As a result, the equilibrium price will and the equilibrium quantity will . c. In examining the market for apps for smart devices, there is a tax levied on the sellers of apps. The effect of the event will be in . As a result, the equilibrium price will and the equilibrium quantity will .Which of the following is not a determinant of demand? Answer Choice Group a. Input price expectations. c. Price of the complementary good b. Price of the substitute good d. Income increase.Consider the market for LCD TVs, illustrated in the figure to the right. Use the point drawing tool to identify the market equilibrium. Properly label this point. Carefully follow the instructions above, and only draw the required objects. Suppose instead that the price of LCD TVs is $2000.00. This will result in a place pressure on the price. which will Price of LCD TVs 3000- 2600- 2200- 1800- 1400- 1000- 600- 200- of 0 2000 4000 6000 Quantity of LCD TVs 8000 S D 10000
- What is an example of a change in relative price compared to a change in general price?Make up an example of a monthly supply schedule for pizza and graph the implied supply curve.give an example of something that would shift this supply curve and briefly expalin your reasoning Would a change in price of pizza shift this supply curveAssume that in Dnipro electric public transport (trams and trolleybuses) decided to increase prices for tickets. Try to plot the graphs to demonstrate changes on the markets of - route buses (“marshrutka”) - taxi services; - trains. Note: Don’t forget to explain graphs, paying attention to price and quantity.
- Use a supply and demand graph to show the impact of the following on the equilibrium price and quantity. Apple announces on their social media page that their laptops will go on sale in August just in time for the back to school shopping.Graphically demonstrate how the following economic events influence (ceteris paribus) the relevantde-mandfunction. Label your axes, and specify the market you are discussing. (a) Technological development has lowered the price of natural gas-powered electricity; What effect doesthis have on the market for coal-fired electricity? (b) A strong growing season for pomegranates leads to lower prices of the fruit.Make up an example of a monthly demand schedule for pizza and graph the implied &mand curve. Give an example of something that would shift this demand curve and briefly explain your reasoning.
- The graph shows a price floor (pflr) that at first happens to lie exactly at the equilibrium price for corn. The floor is intended to shore up the price of corn but is currently nonbinding. Then a new law about the use of (corn-derived) ethanol in gasoline causes a change in demand. Drag the appropriate curve to illustrate what happens if the change causes the floor to become binding.There is a movement along the same supply curve due to changes in Oa Price of factors Ob. All of the these O clevel of Technology Od. The price of the good Australia decides to construct 120 hospitals in the country so it has to reduce the construction of 300 schools. This concept is related to Oa Opportunity cost Ob.Microeconomics Oc Marginal cost Od Price theory China is producing products using workers and they are not using machines The central economic problem discussed in this context is O& What to produce? OB. How to produce O How much to produce? Dd All of thesewhat happen to equilibrium price and quantity in the following situation? in the market for coca-cola, the price of pepsi, as subtitute, increase at the same time wages paid to worker at coca-cola increase. in the market for lectture, the goverment raises the current market price above equilibrium, and it cannot change meaning the price adjust without a shift in either curve.
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