What are the different income-distribution patterns? How does income distribution in the economies affect the marketing decision of the firms?

Q: What happens to the supply curve when the there is advancement in technology

A: Solving with the help of graph

Q: With the help of a demand and supply diagram explain how q video showing worms in sausages will…

A: Demand is a very important concept in economics, used to determine the quantity demanded by the…

Q: a. What are the market equilibrium price and quantity? Equilibrium price: $[ Quantity traded: b. At…

A: A perfectly competitive market has the large number of identical sellers producing homogenous goods.…

Q: A new bridge is built in your area, which allows you to reach campus much faster. So, instead of…

A: Consumer surplus is the difference between the price that the consumer is willing to pay and the…

Q: Price Price Panel (a) D₁ S₁ Price Panel (b) Price D₁ Panel (d) Quantity Panel (c) S₁ X D₁ D₁ 0₂…

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Draw and carefully label the market for honey. How would a disease reducing the mobility of bees…

A: The market for honey can be shown using demand curve and the supply curve. As usual the demand curve…

Q: 100 80 60 40 20 O 40 80 120 160 200 Refer to the diagram. The equation that shows the relationship…

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: Customer Maximum WTP (credits), Age Obi-Wan 500 72 Padme 1000 24 Darth Vader 200 67 Jyn Erso 700 29…

A: Price discrimination is a pricing strategy or practice of the seller selling similar goods at…

Q: a. Calculate the output and price of paper if it is produced under competitive conditions and no…

A: Given;

Q: How does a change in production technology impact supply, demand and equilibrium price?

A: Change in Technology helps improving the volume of production thus resulting in decreased cost of…

Q: Suppose that you have information indicating that the price of steel (an important input of…

A: We know that one of the determinants of supply  of a good is production cost , and others are…

Q: Find the supply factors that are important for showing the market equilibrium

A: supply is defined as the quantity of goods that the producers decide to sell in the market at any…

Q: arket? Firms in this industry have been given a subsidy to encourage more production. The good…

A: An externality is a cost or benefit that is not reflected in the market price of a good or service…

Q: The table below shows the demand and supply schedule for good Z. Market Demand 60 40 20 10 Price…

A: An equilibrium occurs in a market where the quantity demanded of a good gets equal to the quantity…

Q: Draw a hypothetical demand-and-supply diagram and show equilibrium price, equilibrium quantity, and…

A: Draw a hypothetical demand-and-supply diagram and show equilibrium price, equilibrium quantity, and…

Q: An investigation into the demand of T.V sets in the following satellite towns has supplied the…

A: Solution: Towns Population (000) Demand for TV sets A 12 16 B 15 18 C…

Q: Figure 4.2 P3 - E P2 P1 - D A C Q Q2 Q3 Q Qs Qo Qr Refer to Figure 4.2. The demand curve E is most…

A: Given: In the figure, there are various demand curves. Demand curve E is perfectly elastic which is…

Q: Explain the differentiation and positioning in terms of the relationship between the price and…

A: Price is gradually known to be as the value of the money that has to be merely paid for acquiring a…

Q: If a new dress shop opens, then Multiple Choice there will be a movement down along the market…

A: Supply  is the amount of a resource that firms, producers, labourers, providers of financial assets,…

Q: Does a firm have the riight to "create" wants and try to persuade consumers to buy goods and…

A: Meaning of Consumer Welfare: The term consumer welfare refers to the situation under which an…

Q: Suppose a terrible drought wipes out Kenya's rose plants, Kenya is a large supplier of roses at the…

A: Demand curve: a graphical representation of the relationship between the price of a product and the…

Q: It’s increasingly clear that many postings on blogs and product reviews on Web sites are fake or are…

A: Information asymmetry refers to the phenomenon in which one of the two, or more parties involved in…

Q: economist create a market demand schedule

A: A market demand schedule is a  tabular representation that is created by an economist to forecast…

Q: 1. List 10 new market demand that people need in their lifestyle.

A: We know that Market demand portrays the interest for a given item and who needs to buy it. This is…

Q: With the outbreak of COVID-19, many people in Hong Kong choose cooking athome instead of dining out…

A: Meaning of Demand and Supply: The term demand refers to the willingness of an individual to…

Q: Suppose oil prices rise sharply for years as a result of a war in the Persian gulf region. What…

A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…

Q: 16. Use the following supply and demand data for a cake business to draw a supply and demand curve.…

A: Demand represents the volume of goods and services that the consumers are willing to buy at…

Q: Recently, many cities have attempted to pass laws taxing the sale of sugary drinks such as soda pop.…

A: Demand and supply are fundamental concepts in economics that explain how the price and quantity of…

Q: Use the following graph of the demand for electric cars to answer the question below. Price $5 n N…

A: The demand curve visually illustrates the connection between price and quantity demanded. It…