Onion prices in Bangladesh are unlikely to come down unless prices fall in india with a bumper production. What can we do to reduce the onion price in Bd? Is THERE a role of the government.

Q: What happens to the prices of items like generators, fuel, plywood and ice during natural disasters?…

A: In order to generate stable equilibria, microeconomic equilibrium arrangements explore numerous…

Q: How does an increase in the minimum wage affect the economy ?

A: It is important to note how the increasing minimum wage would lead to multiple effects on the…

Q: Explain why correcting a missing market can make everyone better off.

A: The missing market is a type of failure of the market system. The missing market is a type of…

Q: What will happen to the market condition if the government set up the price above the equilibrium…

A: Binding price floor refers to the situation where the price of good is set greater than the…

Q: explain demand and suply theory on rising food prices in poor countries.

A: The demand and supply theory can help explain why food prices tend to rise in poor countries.…

Q: If there is a decrease in supply and demand, how will equilibrium price and quantity be affected?

A: If there is a decrease in supply and demand, equilibrium price and quantity will be affected…

Q: In a village, Lou and Lisa are the only people who buy haircuts.   When the price is $15.00, Lisa…

A: Demand is the quantity of an item or service that consumers buy at various prices during a specific…

Q: If a hard freeze in Florida damages many of the orange groves: How is the market for Florida oranges…

A: Effect on orange market:If a hard freeze in Florida damages many of the orange groves, the supply of…

Q: Explain why most Hindus are vegetarian

A: Vegetarian: Anyone avoiding animal and animal-derived products.

Q: he government imposes a price ceiling below the equilibrium price. Which of the following are the…

A: When the Government is imposing a price ceiling below the Price equilibrium it means the government…

Q: need explanation on HOW for each HOW The price of bananas in Australia will rise. HOW The quantity…

A: International trade is the actual exchange of money, goods, and services across national boundaries…

Q: Who benefit if the price is lower than the market price

A: The equilibrium is a state in which economic forces like supply and demand are balanced and the…

Q: What happens to the impact on demand?

A: We know that two products are complements in production, a change in the production of one product…

Q: how can price controls be used to avoid prices from increasing further

A: Price controls are the controls over the price that are made by the government. It is often seen…

Q: What are the implications of the welfare on consumers, producers and the society?

A: The study of how the distribution of resources and commodities impacts social welfare is known as…

Q: what is an example of existing demand

A: Existing demand for which a product is either unavailable or has not yet been developed. There are…

Q: Explain why economist usually oppose controls on prices.

A: The price ceiling sets  the highest price of the service while the price floor puts the lowest price…

Q: When the price of goods X = IDR 2, then the quantity supplied is 6. When the price of goods X = IDR…

A: According to law of supply, other things being constant there is an direct relationship between…

Q: Price gouging is frowned upon by the government. Discuss why economists are not as worried about the…

A: Price gauging is all about the customers in creating the counting and at every level of the company,…

Q: Give an example of an inferior good. If unemployment goes up what happens to the demand for inferior…

A: There are two types of goods, normal and inferior goods. Inferior goods are goods whose demand and…

Q: A new skirt is in fashion these days. What will be the effect of this trend on the de- mand for the…

A: Taste and preferences have a direct impact on the demand for a good and service.  Such taste and…

Q: a market failure. a. b. Consider the figure below. It represents a competitive market in which there…

A: In a free market, equilibrium is determined by the interaction of forces of demand and supply.…

Q: Wholesalers buy and sell roses in containers that hold 120 stems The table provides information…

A: At the equilibrium price, the quantity demanded is equal to the quantity supplied.Equilibrium occurs…

Q: Why should we reduce the food stamps? List 5 reason why.

A: In United States, the Food Stamp Program is a federal aid program with the main motive of an…

Q: Give eight (8) factors affecting supply? And give at least two (2) kinds of supply.

A: The concept of supply is indicating the total amount of goods and services available for…

Q: Imagine the government required Apple, Inc. to sell its latest iPhone (regular $800) for $300. Is…

A: Here, it is given that the regular price of the latest iPhone is $800 and government required Apple,…

Q: who benefits if the price is higher than the market price?

A: When the Prie is high then the market price it means the demand for that particular good is high or…

Q: When did Price-Fixing start in the Philippines? When did it stop and what act or law stopped it.…

A: Price fixing is the setting of costs by arrangement among producers and merchants.

Q: DRAW THE PRICE FLOOR AND EXPLAIN DETAILS- DFINITION, RESULTS ETC

A: Definition - Price floor is done by the government in order to protect the producers from prices…

Q: A black market is a market where buying and selling take place O at prices that violate government…

A: A black market is also known as underground economy or shadow economy.

Q: Based on the principles of demand and supply, how is the rising price of gassoline determined?…

A: The principle of demand and supply is a fundamental concept in economics that explains how the…

Q: Give at least 3 of the factors that affect food security?

A: Food security is made public as physical and economic access to adequate food to satisfy the dietary…

Q: If the price of gasoline increased, what might you expect to happen? Select one: a. People would…

A: Suppose the price of gasoline increased. The main use of gasoline is in vehicles.

Q: hy is rice so cheap and truffles so expensive?

A: Answer Rice is therefore low-cost and truffles area unit therefore pricy as a result of D. folks eat…

Q: Hello, can you please help me with this question. Why is food inflation rising especially those days…

A: It has been observed of late that the Covid-19 induced pandemic has led to a sharp rise in prices of…

Q: A structural change in quantity demanded of a good is known as:

A: Demand- it is the amount of good or service that an individual is willing to consume or purchase at…

Q: What showed Americans that they were dependent on the global price of oil

A: The cost price of oil, or the oil cost, by and large, alludes to the spot cost of a barrel of…