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1: surplus or shortage
2:fall or rise
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- 1.“When the weather is very hot, the price of vegetables rises in the markets throughout the country"What are the consequences of this restriction on quantity? (surplus/shortage) Explain.1 Using an appropriate demand and supply diagram, explain the impact on the market price and quantity traded in each of the following cases: d) The market for Samsung digital cameras following new technologies that improve productivity in its factories. a) The market for air travel following the imposition of higher fuel taxes. b) The market for Pepsi Cola following a fall in the price of Coca-Cola. 51 5 c) The market for sushi following a successful marketing campaign promoting the health benefits from eating rice and raw fish. [5} d) The market for Samsung digital cameras following new technologies that improve productivity in its factories.
- a. For each of the following situations relating to the supply of pizza: Identify the factor affecting supply Demonstrate on the axes provided, and explain, the effects of the change. (i) an increase in the number of pizza sellers Factor: Explanation: (ii) an increase in the price of flour Factor: Explanation:1. Suppose that at a price of $70 the quantity supplied in a market is 10 units, and at a price of 200 the quantity supplied in the market is 15 unit If we use this information to create a linear supPply equation, what will that equation be? a. P- 65 + (1/2jas b. P= 50 + 2Qs P = 90 - 20s d. P= 75 -(1/2)0s C.D Pregunta 16 What is the difference between a shift in the demand curve and a movement along the demand curve? A shift is a reaction to a movement along the demand curve. A shift implies a change in the whole demand curve; a movement does not. A shift conveys a change in the opportunity cost; a movement does not. A shift creates a new equilibrium price; a movement creates a new equilibrium quantity.
- Typed plzx and asap thanks(Table: The Lemonade Market) Use Table: The Lemonade Market. If the price of lemonade is $1.25 per cup, we expect to see a: Table: The Lemonade Market Price of Lemonade (per cup) $0.50 0.75 1.00 1.25 1.50 1.75 Number of Cups Demanded (QD) 250 200 150 100 50 20 Number of Cups Supplied (Qs) 25 50 75 100 125 150 A) rising price to eliminate the shortage. D) market in equilibrium. B) rising price to eliminate the surplus. C) falling price to eliminate the shortage.13. Suppose over the next several years the level of income and wealth rises in the state of Florida. For the housing market this would mean: An increase in the quantity of houses demanded, rising prices and an increase in supply. An increase in the demand for houses, rising prices and an increase in quantity supplied. An increase in the quantity of houses demanded shortages and higher prices. A decrease in the quantity of houses supplied as demand increases. Price gouging in this market would be rampant.
- 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.Note: 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)16. Suppose over the next 10 years the technology associated with producing electric cars advances greatly while the number of buyers in the market increases only slightly. This would mean that: The price of electric cars would continue to fall. The price of electric cars would not change but quantity would increase. Quantity supplied would rise, prices would fall, and demand would increase due to the falling prices. The price of gas-powered cars would fall. A and D only.
