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diagrammatically show and explain what happened to the oil market if the price remained unchanged despite the concerns over the fuel
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- diagramatically show and explain what happened to the oil market if the price remained unchanged despite the concerns over the fuel demand.B) Diagrammatically show and explain what happened to the oil market if the price remained unchanged despite the concerns over the fuel demand.Identify which side of the market for new automobiles is affected (demand or supply), how is it affected (increase or decrease), what happens to equilibrium price and quantity exchanged due to each of the following changes separately. (You don’t need to draw a graph unless it really makes your life easier) d. A new technology is developed that makes car production twice as fast as it used to be. e. A flourishing economy increases consumers’ incomes. f. Producers expect car prices to rise in the near future.
- Diagrammatically show and explain waht happened to the oil market if the price unchanged despite the concerns over the fuel demand.Identify which side of the market for new automobiles is affected (demand or supply), how is it affected (increase or decrease), what happens to equilibrium price and quantity exchanged due to each of the following changes separately. (You don’t need to draw a graph unless it really makes your life easier f. Consumers expect car prices to rise in the near future. g. Consumers suddenly become more concerned about environment.Identify which side of the market for new automobiles is affected (demand or supply), how is it affected (increase or decrease), what happens to equilibrium price and quantity exchanged due to each of the following changes separately. (You don’t need to draw a graph unless it really makes your life easier) a. Car insurance rates increase. b. Price of steel increases. c. Price of public transportation increases.
- Why should the owner of the crude oil resource be willing to supply it in exactly the right amount? What accounts for the tilt in the price?.Assuming the Petroleum Company of Barbados did not issue a directive for an increase in supply and a decrease in demand, explain the problem that would exist in the economy and how would this be corrected over time. Discuss one factor EACH that you think influence demand and supply for water heaters. Provide examplesUse appropriate supply and demand diagrams to analyze the effects on the market equilibrium price and quantity traded of chicken, following:An outbreak of bird flu that leads the government to have a large proportion of the country's stock of chickens destroyed.
- How will the market for melons be affected after Hurricane Dean?If the costs of producing tomatoes increase, predict the impact on tomato prices, using the supply and demand framework. Group of answer choices -no change in price -price decreases -I don't know. -price increasesVolkswagen’s reputation among car buyers was shattered when the public discovered it was cheating on its emissions checks. What happened to equilibrium prices and quantities in the market for Audis, which is widely known to be a good substitute for Volkswagens also created in Germany? The equilibrium price Group of answer choices is ambiguous and the equilibrium quantity increases. increases and the equilibrium quantity increases. decreases and the equilibrium quantity increases. increases and the equilibrium quantity decreases.