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- Based on the principles of demand and supply, how is the rising price of gassoline determined? Should the government regulate the price?A recent typhoon hits the Philippines where most of the raw materials are produced. What non-price determinant/s will affect the supply and in what way? How will it affect the country’s economy?Consider the market for minivans. Indicate the impact if any on demand, supply, price and quantity: (a) People decide to have more children. (b) A strike by steelworkers raises steel prices. (c) Engineers develop new automated machinery for the production of minivans. (d) The price of station wagons rises. (e) A stock-market crash lowers people’s wealth ac
- What happens to the market of Tennis Ball if Golf becomes more expensive? Fill the table below with putting (+) for increase, (-) for decrease, (0) for no change, and (?) for uncertain. Explain it with graph, curves, lines and words. Demand Curve Supply Curve Price QuantityI. How had the Russia-Ukraine war impacted the oil market? Draw a supply-demand graph to briefly explain your answer. Please label the vertical and horizontal axes and show whether the supply or the demand curve had shifted. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.What are the determinants of Demand and Supply? Give examples
- When does a movement along the supply curve occur, and when does the supply curve shift? If the price of a good rises, a ________ the supply curve occurs, but if any other influences on selling plans change, then a ________ the supply curve occurs. A. leftward shift of; movement up along B. rightward shift of; movement down along C. movement up along; shift of D. movement down along; shift ofUse the theory of the market (i.e. demand and supply) to explain what is happening in each of the following scenarios:Consider the market for minivans. Indicate the impact if any on demand, supply, price and quantity: (a) People decide to have more children. (b) A strike by steelworkers raises steel prices. (c) Engineers develop new automated machinery for the production of minivans. (d) The price of station wagons rises. (e) A stock-market crash lowers people’s wealth
- A change in which of the following will cause a movement along the supply curve? Select one: a. change in the state of technology b. change in expectations about future prices c. a change in the price of the good d. change in taxesUsing supply-and-demand diagrams, show theeffects of the following events on the market forsweatshirts.a. A hurricane in South Carolina damages the cottoncrop.b. The price of leather jackets fallsa. What is a Market Equilibrium? Using the given demand and supply schedule, draw market equilibrium and show the equilibrium price and quantity. supply and demand for pizza price Quantity Quantity demanded supplied(pizza per (pizza per($per pizza) semester) semester) 10 0 408 10 306 20 204 30 102 40 00 125 0 b. How will the market equilibrium of pizza market alter if, i. There is an increase in the pocket money of the students. ii. Price of cheese gets lowered. iii. Price of burgers get is reduced. iv. Use of Electric Oven makes it easy to prepare pizza.
