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- The market for cruises is at its market equilibrium when two events occur: cruise companies increase the number of cruise ships, and at the same time, cruising becomes less popular. How does the market for cruises change? The equilibrium price of a cruise ________ and the equilibrium quantity of cruises _______. A. falls; might increase, decrease, or not change B. falls; increases C. rises; decreases D. might rise, fall, or not change; decreasesDo not use Aidon't use chatgpt answer
- Consider the market for laptop computers. Click on the graph to the right to determine how the following event will impact this market. Do this by illustrating the event on the graph and then assess its impact on the equilibrium quantity and the market price Event: The price of memory chips used in laptop computers declines. OA. The supply increases, causing the equilibrium quantity to rise and the market price to fall. OB. The supply increases, causing the equilibrium quantity to fall and the market price to rise. OC. The supply decreases, causing the equilibrium quantity to fall and the market price to rise. OD. The quantity supplied increases, causing the equilibrium quantity to rise and the market price to fall. Price (hundreds of 5) 2345674 10 11 12 Quantity (housands per month)Evaluate the effect of changes in supply and demand on the equilibrium price and quantity. You can use relevant diagrams and examples to illustrate your analysisIf a price is not an equilibrium price, there is a tendency for it to move to its equilibrium level. Regardless of whether the price is too high or too low to begin with, the adjustment process will increase the quantity of the good purchased”. Explain using a demand and supply digram.
- The figure belov WS supply i demand curves for bread. 45 4.0 Supply (maginal cost 35 30 20 00 O 1 00 2,000 3,000 4000 5,000 6,000 7,000 8000 9,000 10,000 Quantity of loaves,Q You will not be given credit unless you provide a detailed explanation for the following questions! a) What are the equilibrium price and the equilibrium quantity in the bread market? How can you tell? Is there excess supply or excess demand in the bread market when the price of bread is 2.5 euros? Why? Explain how price, quantity demanded and quantity supplied will adjust to reach equilibrium when the price is b) 2.5 euros. Initially, the bread market is in equilibrium. Suppose that there is technological improvement in the production process of bread. Explain how supply and demand curves, equilibrium price and equilibrium quantity c) change as result.What is the effect on equilibrium price of onion in india when federal government release onions as demand is more than the production? It is the question from the article- India bans onion export due to unseasonal rainfall15. Another supply and demand purzle Suppose the market price of calzones in a university town recently decreased. Economics students studying at the university are discussing potential causes of the price decrease. One group of students theorize that the price decreased because the price of dough, an important ingredient for making calzones, has decreased. Others caim the decrease in the price of calzones is because of a recent increase in the price of beer, Everyone agrees that the increase in the price of beer was caused by a recent increase in the price of hops, which are not generally used in making calzones. The first group of students claim the decrease in the price of calzones can be attributed to the fact that the price of dough, an important ingredient for making calzones, has decreased. On the following graph, adjust the supply and demand curves to iustrate the first group's explanatian for the decrease in the price of catrones. Note: Select and drag one or both of the…
- Carefully explain what is happening in the following markets. Indicate the impact if any on demand, supply and quantity Impact on supply a. Decrease towards equilibrium b. Increase equilibrium quantity c. Shift inwards/ to left d. Increase towards equilibrium e. Change in quantity uncertain fExcess demand g. Change in price uncertain h. Excess supply k. Decrease equilibrium price l. Shift outwards to right m. Increase equilibrium price Impact on demand a. Decrease towards equilibrium b. Increase equilibrium quantity c. Shift inwards/ to left d. Increase towards equilibrium e. Change in quantity uncertain f. Excess demand g. Change in price uncertain h. Excess supply k. Decrease equilibrium price l. Shift outwards to right m. Increase equilibrium price Impact on price a. Decrease towards equilibrium b. Increase equilibrium quantity c. Shift inwards/ to left d. Increase towards equilibrium e. Change in quantity uncertain f. Excess demand g. Change in…Draw a supply and demand diagramshowing the impact of each of the following events on equilibrium price and quantity in the market for paint. Briefly explain your reasoning. There have recently been some important cost-saving inventions in the paint-making industry. Hailstorms damaged several factories that make paint, forcing them to close down for several months. There have recently been some important cost-saving inventions in the paint-making industry, and, because of severe hailstorms, many people need to repaint now.Solve fo the Solve for the . Supply and demand function /equation Show your graph Supplicd Price Quantity Demanded I Quantity 127.75 So 01
