(1) How does the interaction of demand and supplykeep a market in balance, at least approximately andtemporarily? (2) If the prices of complementaryproducts for a given product go up, what effect is thisincrease likely to have on demand for that product?
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(1) How does the interaction of
keep a market in balance, at least approximately and
temporarily? (2) If the
products for a given product go up, what effect is this
increase likely to have on demand for that product?
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- Give typing answer with explanation and conclusion Graphically illustrate and explan the impact of expensive and erratic electrivity on the market for Ferrochrome?1. In what manner all the logistical and cross functional drivers that organizations use for their responsive supply chain strategy?Assuming you are the manager of the travel department of a large corporation and your sales department has high consumption for air travel. Assume further that the president of the corporation wants you to reduce the travel expenditures in the next year. How will you curb the air travel? Using Demand and Supply Analysis, how will you predict the airfare, given the following assumptions? A number of new, small airlines have recently entered the industry and others are expected to enter next year? Broadband internet videoconferencing is becoming a popular, cost-effective alternative to business travel for many corporations? The trend is expected to accelerate next year as telecommunications firms begin cutting prices on teleconferencing rates.
- In 200 words, Given the value proposition “A device for managing insects in rice farms without the use of toxic chemicals”, who are the implied customers and what are the implied benefits?Consider a market transaction that you have undertaken (or considering) as a consumer which was notable because it is particularly recent, large, or unusual. Analyze this transaction from a microeconomic standpoint: a. Explain how & why (from the perspective of the supplier), the good or service in question was created, and the reason you entered the market to secure this product or service (demand side). b. Discuss in general terms the factors on the demand and supply side that will have influenced the price you paid for this product. Show what might happen to the price of the product if one of these factors changes. c. Assess whether the product in question is likely to be price elastic or inelastic at the current market price (demand). Following this assessment describe the likely impact on the supplying company’srevenue following an increase in the price they charge (ceteris paribus) Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take…Assume quantities need not be integers. Demand in a competitive market is Qd(P)=120 – (4/10)*P. If 20 units are transacted, what is the lowest marginal benefit (i.e., MWTP) at which an item is purchased? Round to two decimal places and do not enter a currency symbol. If your answer is $1.125, enter 1.13.
- It’s increasingly clear that many postings on blogs and product reviews on Web sites are fake or are posted there to manipulate consumers’ opinions. How big a problem is this if consumers increasingly look to consumer-generated product reviews to guide their purchase decisions? What steps, if any, can marketers take to nip this problem in the bud?Economics equilibrium is reached in a market becouse both consumers and producer have an incentive to change their buying and selling behavior?. True or falseConsider a market transaction that you have recently undertaken for considering) as a consumer which was notable because it is particularly recent. large, or unusual. Analyse this transaction from a micro-economic standpoint a. Explain how & why (from the supplier perspective, the good or service of your choice was created, and the reason you entered the market to secure this product or service (on demand side). b. Discuss in general terms the factors on the demand and supply sides that will have influenced the price you paid for this product. Show what might happen to the price of the product if one of these factors changes in the equilibrium framework c. Assess whether the product of your choice is likely to be price elastic or inelastic at the current market price (from demand perspective). Following this assessment describe the likely impact on the supplying company's revenue following an increase in the price they charge (ceteris paribus)
- How do markets operate to bring product into existence? How does that relationship affect supply and demand for the various markets involved? In what ways has the change in supply and demand affected the market? What enabled the many participants in the production of this product to cooperate, and how has this affected the production of the product?If the demand and supply curves for a commodity are defined as follows, Qd=200-0.6(p) Qs=80+1.4(p) What would be the best option to represent the equilibrium price and equilibrium quantityWhat is advantage and disadvantage of economic prices for non tradable good in distorted markets