when prices change so slowly that they don't affect how people spend, save or invest. the bank of Canada consider this? a.) price look b.) price stagnation c.) price war d.) price stability
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when prices change so slowly that they don't affect how people spend, save or invest. the bank of Canada consider this? a.) price look b.) price stagnation c.) price war d.) price stability
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- ________When there is a shortage of citrus fruit, the economic forces of supply and demand would suggest that a. price will stay constant. b. price will decrease. c. price will increase. d. price, all things remaining equal, will increase. e. it will take a long time before the shortage is felt in the market.A. What effect will each of the following have on the demand for product B? 1. Product B becomes more fashionable. 2. The price of substitute product C falls. 3. A decline in incomes if B is an inferior product. 4. Consumers anticipate the price of B will be lower in the near future. 5. The price of complementary product D falls. 6. Foreign tariff barriers on B are eliminated. B. What effect will each of the following have on the supply for product B? 1. A technological advance in the methods of producing B. 2. A decline in the number of firms in industry B. 3. An increase in the price of resources required in the produUction of B. 4. The expectation that the equilibrium price of B will be lower in the future than it is currently. 5. A decline in the price of product A, a good whose production requires substantially the same techniques as does the production of B. 6. The levying of a specific sales tax upon B. 7. The granting of a 50-cent per unit subsidy of B produced.A successful consumer boycott of oranges would impact the equilibrium price of veal as follows: a. Demand fall resulting in price increase b. Demand falls resulting in price fall c. Supply increases resulting in price fall d. Demand and Supply do not change keep price steady e. None of the above
- For the next two, draw a little graph to show your work and fill in each of the blanks correctly with one of the following words: increase, decrease, demand or supply. Product: Jelly Headline/Situation: Peanut Butter price goes up a(n) ____________ in ____________; ___________ in eq. price & __________ in eq. quantity. Product: Automobiles Headline/Situation: Auto workers union goes on strike a(n) ____________ in ____________; ___________ in eq. price & __________ in eq. quantity.Today, producers changed their expectations about the future. This change a. can affect today's supply. b. can affect future supply, but not today's supply. c. cannot affect either today's supply or future supply. d. can cause a movement along the supply curve.economist at the Ministry of Labour argues that the policy change will ultimately hurt consumers. Use a diagram to explain her thinking.
- Carefully examine the picture attached and state what is happening in the following markets and indicate if: Impact on demand? a. Excess supply b. increase towards equilibrium c. decrease equilibrium quantity d. Shift outwards/ to right e. decrease equilibrium price f. Increase equilibrium quantity g. Excess demand h. Change in quantity uncertain I. decrease towards equilibrium j. Change in price uncertain k. No impact l. Shift inwards/ to left Impact on supply? a. Excess supply b. increase towards equilibrium c. decrease equilibrium quantity d. Shift outwards/ to right e. decrease equilibrium price f. Increase equilibrium quantity g. Excess demand h. Change in quantity uncertain I. decrease towards equilibrium j. Change in price uncertain k. No impact l. Shift inwards/ to left Impact on price? a. Excess supply b. increase towards equilibrium c. decrease equilibrium quantity d. Shift outwards/ to right e. decrease equilibrium price f. Increase equilibrium quantity g. Excess…The figure shows a market for oil. Price ($/barrel) 72 64 56 48 40 D 80 84 88 92 Quantity (million barrels) If the current price of oil is $44 per barrel, the quantity of oil demanded is A million barrels, the quantity supplied is A million barrels, and the quantity bought is AA million barrels. There is excess (demand/supply) A in the market, and the price is expected to (rise/fall)1.) I will be analyzing the market of gas. There has been a rescission of gas due to an uprising in energy supplies and widespread energy crisis. This caused such a high demand of gas, because of the high demand in gas the prices skyrocketed to average $3.50 per gallon. A.) Describe how supply side of the market is affected.? B.) In which direction (to the right or to the left) will the demand curve shift? or the supply curve? C.) will prices and quantity in equilibrium be higher or lower?
- Serious natural disasters like hurricanes and tornadoes cause widespread and extensive damage to buildings. As a result of a natural disaster, what would you expect to happen in the market for building supplies? DescribeShifting Supply Directions: Determine how each of the following scenarios will impact supply for the market indicated. Graph the shift on the graph, label each graph, identify the shifter and indicate if supply will increase, decrease or not change. EXAMPLE Market: bicycles Scenario: New machinery cuts production time of bicycle chains in half. 1. Market: Bread Scenario: A drought hits the Midwest and destroys 1/3 of wheat crops. 2. Market: Oil Scenario: Producers expect the price of oil to increase in six months. 3. Market: Hybrid Cars Scenario: The government has enacted a program that gives subsidies to producers of fuel efficient cars. 4. Market: Desktop Computers Scenario: An increase in demand for laptops causes laptop prices to increase 125%. 5. Market: Cereal Scenario: Three new manufacturers enter the breakfast cereal market. P VEL S Vy P P S S₁ Shifter: Technology S P v V S S S Q Q Q Q Name. Date Q Q Change in Supply: Increase Shifter: urce Change in Supply: Decrease Shifter:…A. What effect will each of the following have on the demand for product B? 1. Product B becomes more fashionable. 2. The price of substitute product C falls. 3. A decline in incomes if B is an inferior product. 4. Consumers anticipate the price of B will be lower in the near future. 5. The price of complementary product D falls. 6. Foreign tariff barriers on B are eliminated.