what is price and unemployment?

Q: Describe the role of prices in market economies?

A: In economics, the main goal of all economic agents is to satisfy their unlimited desires and wants…

Q: Use a supply and demand graph to show the impact of the following on the equilibrium price and…

A: Here, it is given that the price of apple laptops rises And the wages of the workers in apple…

Q: There is a market of computer i.e. there is some demand and supply of computer. Shown in a diagram…

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: A. What is the equilibrium wage for retail associates? How many associates are employed at the…

A: The quantity of labor that employers seek to hire at a given wage rate during a given span of time…

Q: What is the equilibrium quantity before the price ceiling? What is the equilibrium quantity with the…

A: Price ceiling: Price ceiling is a cap on the price or simply say a maximum amount of price that a…

Q: As this requires a calculation, and a graph, copy and paste this question onto a word doc, fill in…

A: "Substitute goods are those goods which are similar and can be used in place of one another.  A few…

Q: What are the factors that affect the demand? Provide an example of each factor.

A: Economics uses the interaction of demand and supply to determine the price as well as quantity…

Q: use of a graph how is an increase in minimum wage shown?

A: Equilibrium is achieved in the market where labour demanded equals labour supplied at that…

Q: What is meant by a price floor?

A: Price control refers to a government's policy for controlling the pricing of products and services…

Q: Draw a supply and demand graph that represents the labor market. Now, assume that the economy is in…

A: To illustrate the labor market scenario you mentioned, we'll begin by drawing a labor market supply…

Q: Name some factors that can cause a shift in the supply curve in markets for goods and services.

A: Supply is the amount of output that producers or sellers are willing to sell in the market at given…

Q: The New York Times cost $0.15 in 1970 and $2.00 in 2011. The average wage in manufacturing was $3…

A: % increased = [(Increased price - Old price) / Old price ]*100

Q: In the labor market, what causes a movement along the supply curve? What causes a shift in - the…

A: 1. The labor supply curve represents the number of working hours the labor is willing to supply at…

Q: Who determines the price in perfect markets?

A: In a perfect competition, there are large number of buyers and sellers who does not control the…