Q: doctors report that cassava is good for weight loss and diabetes. in additon, there are improved…
A: Answer to the question is as follows :
Q: Indicate which of these are a reason that market inefficiencies persist? Check all that apply.…
A: Market efficiency explains the ability of the firms to generate output from the available resources.…
Q: Without trade, consumer surplus is
A: Consumer surplus: - it is the difference between a consumer’s willingness to pay and the price he…
Q: A rise in supply and demand in equal proportion will result in
A: To find : What will happen when rise in supply and equal proportion
Q: Assume the equilibrium price in a free market for an office table is R320,00. If the price of the…
A: Equilibrium price is the one at which the quantity demanded by the consumers is equal to the…
Q: Given the following information QD = 240-5p QS = P Where QD is the quantity demanded, Qs is the…
A: Reserve price is the highest price that the buyer is willing to pay for the particular good. A…
Q: Evaluate the effect of changes in supply and demand on theequilibrium price and quantity.
A: Effect of changes in supply and demand on the equilibrium price and quantity : When demand…
Q: Explain how the covid -19 virus pandemic has affected the united states economy.
A: Covid-19 stands for Coronavirus Disease which started in 2019. This diseases has affected most of…
Q: what is the best description of a normal good?
A: Normal goods are those goods which see an increase in their qty demanded(Qd) with the increase in…
Q: Economics Write a brief summary on Demand, Supply, and Equilibrium in Markets for Goods and…
A: Economic planning is an asset portion instrument in view of a computational method for taking care…
Q: What happened to the Pe and Qe if the market supply increase by 5% at all price levels without any…
A: The equilibrium price is the price at which demand equals supply. An increase in supply causes the…
Q: Perfect knowledge means that both buyers and sellers are aware of the current market price at any…
A: The statement is True
Q: Surpluses and shortages will not occur as long as price can move freely and act as a “rationing…
A: Excess of quantity supplied over quantity demanded results in surplus of the commodity and when…
Q: A decrease in the cost of petrol used to transport LED television sets from a harbour to Gauteng, is…
A: When the cost of petrol which is used to transport the LED television sets to Gauteng has been…
Q: What is a black market? Group of answer choices It is an illegal market that emerges when binding…
A: Black market: Black market may arises due to price control , black market can be defined as the…
Q: what is an example of existing demand
A: Existing demand for which a product is either unavailable or has not yet been developed. There are…
Q: What is the Quantity Demanded, Quantity Supplied,and Price Solution? Qd=14-2P Qs=2+4P
A: Quantity demanded refers to the total amount of service or good that the consumers demand over a…
Q: Prices rise because more goods and services are trying to be purchased than the economy can produce
A: In macroeconomics, the government and the central bank plays a very important role in stabilizing…
Q: Explanation of possible effects of higher oil prices on different types of firms and consumers
A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…
Q: Since 2019, the price of lithium in China has been falling (and it is predicted to continue falling…
A: The law of demand refers to the inverse relationship between price and quantity demanded (other…
Q: A surplus occurs when: more people want to buy a good than want to sell it.
A: Surplus can be depicted through following graph - Here, at price level equal to p1 . quantity…
Q: the degree of change in demand or supply due to the change in its determinants
A: The demand and supply are the two sides of the market. The demand and the supply in the market would…
Q: Given the following information QD = 240-5p QS = P Where QD is the quantity demanded, Qs is the…
A: Sellers reserve price is the minimum price that sellers will receive. It is the price at which the…
Q: An increased equilibrium price and a decreasedequilibrium quantity results from a(an)a. decrease in…
A: OPTION C - Decrease in Supply
Q: What can you do to alleviate food insecurity? Cite 5 possible realistic solutions about the matter
A: Food insecurity is the lack of food for maintaining a healthy lifestyle. Majorly people with…
Q: The graph below shows domestic supply and demand for purses in the United States. Suppose that at…
A: Given: Supply of purses to US market=30 purses
Q: Diagrammatically show and explain what happened to the oil market if the price remained unchanged…
A: Market demand for a commodity shifts as a result of a change in consumers income, taste and…
Q: Use appropriate supply and demand diagrams to analyze the effects on the market equilibrium price…
A: Equilibrium Concept Market supply and demand are in equilibrium, and prices are constant as a…
Q: Are the prices of commodities in the market today (pandemic) reflective of their true value?
A: The price of a product is the amount of money required to purchase it. Price is a measure of value…
Q: Can the market / price mechanism find some solutions?
A: The price mechanism is a means by which the allocation of scarce resources is determined by the…
Q: What mechanisms allocate resources when the price of a good is not allowed to bring supply and…
A: Demand for a commodity is desire back by ability to pay and willingness to buy the commodity at a…
Q: There is an increase in demand for personal computers at the same time their input costs fall. What…
A: Cost that is incurred when a good is produced is called cost of production
Q: Discuss wether a fall in price of a product will always be accompanied by a reduction in the…
A: The markets are the place where the buyers, and the producers of different goods and services tend…
Q: During natural disasters such as the flooding in Burma one policy choice is to do nothing, i.e. let…
A: Policies are framed by the government for the betterment of the economy. Government intervention is…
Q: Write a brief summary on Demand, Supply, and Equilibrium in Markets for Goods and Services. Note:…
A: The quantity of an item or service that customers are willing and able to acquire at each price is…
Q: An increase in the demand for LED light bulbs due to changes in consumer tastes, accompanied by an…
A: The market is a mechanism where the buyers and sellers meet together and strike a decision about the…
Q: If quotas lead to an increase in prices, people may be constrained to reduce their consumption of…
A: Macroeconomics is important for a country and microeconomics is also important for a country. Just…
Q: An open market purchase refers to
A: An open market operation is a tool used by the central banks to adjust the economic situation. It is…
Q: Match the non-price determinants of supply with the change in supply. There is only 1 change in…
A: We will answer the first three subparts only. Please resubmit the question with any other parts…
Q: find marketequilibrium price for quantity for a good that has the following supply and demand…
A: Market equilibrium is when quantity demanded and quantity supplied are equal. In the question we…
Q: Explain, with the aid of a graph, market equilibrium and disequilibrium.
A: In a market economy, economic forces such as supply and demand are balanced. When economic variables…
Q: The demand curve in the market for meat is described by the equation Qd=280−70PQd=280−70P, and the…
A: Equilibrium is achieved where Qd=Qs
Q: According to the Italian economist Pareto, if I have 200 suppliers, how many suppliers can I expect…
A: In pareto theory,someone can be made better off only by worsening someone.
Q: Use appropriate supply and demand diagrams to analyze the effects on the market equilibrium price…
A: Equilibrium is achieved at the output level where Qs=Qd
Q: diagrammatically show and explain what happened to the oil market if the price remained unchanged…
A: According to basic economic scenario, any change in the demand or supply of a product will have a…
At prices below
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- When prices for durable goods increase, firms can rapidly increase production to match demand. True or falseAssume the equilibrium price in a free market for an office table is R320,00. If the price of the table moves up to R400,00, explain how the market for this piece of furniture moves from disequilibrium to equilibrium.An increased equilibrium price and a decreasedequilibrium quantity results from a(an)a. decrease in demand.b. increase in supply.c. decrease in supply.d. increase in demand.
- What is the terminology for this definition below? Prices rise because more goods and services are trying to be purchased than the economy can produceQ26 shortage of a good is more likely to occur with the implementation of a choices - price floor - import tariff - price ceiling - export tariffRefer to Table 2-2 What QUANTITY is traded at the equilibrium price?
- doctors report that cassava is good for weight loss and diabetes. in additon, there are improved weather conditions which is beneficial for agriculture. which of the following statements is true? a. the equilibrium price will increase but the impact on the equilibrium quantity traded is uncertain. b, both the equilibrim price and the quantity traded will increase c. the equilibrium quantity traded will increase but the impact on the equilibrium price is uncertain. d. both the equilibrium price and quantity will fallSome have argued that higher cigarette prices do not deter smoking. While there are many arguments both for and against this view, some find the following argument to be the most persuasive of all: “The laws of supply and demand indicate that higher prices are ineffective in reducing smoking. In particular, higher cigarette prices will reduce the demand for cigarettes. This reduction in demand will push the equilibrium price back down to its original level. Since the equilibrium price will remain unchanged, smokers will consume the same number of cigarettes.”Do you agree or disagree with this view? Disagree - the reduction in demand will push the equilibrium price below its original level. Disagree - this confuses a change in demand with a change in quantity demanded. Agree - the price increase will ultimately leave cigarette consumption unchanged. Disagree - higher cigarette prices will actually increase the demand for cigarettes.Some have argued that higher cigarette prices do not deter smoking. While there are many arguments both for and against this view, some find the following argument to be the most persuasive of all: “The laws of supply and demand indicate that higher prices are ineffective in reducing smoking. In particular, higher cigarette prices will reduce the demand for cigarettes. This reduction in demand will push the equilibrium price back down to its original level. Since the equilibrium price will remain unchanged, smokers will consume the same number of cigarettes.” Do you agree or disagree with this view?
- Given the following information QD = 240-5p QS = P Where QD is the quantity demanded, Qs is the quantity supplied and P is the price. What is the buyers reserve priceAn increase in the population of a country will cause the demand curve to shift outward and supply to increase. true or false*Please use the answer choices below to answer the question, Thanks* The semiconductor chip shortage is limiting the production of new cars(decrease in supply). At the same time, fewer cars are being traded-in for upgrades(decrease in demand). How will this affect the equilibrium price and equilibrium quantity in the used car market? The equilibrium quantity of used cars decreases, but the price cannot be determined. The equilibrium price increases, but the equilibrium quantity of used cars decreases. The equilibrium price increases, but the equilibrium quantity cannot be determined.