economics question. *What were the policy responses used to combat the shortage of hand sanitizer, masks and disinfectant products during the covid-19 pandemic? *Explan.
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Note: this is an economics question. *What were the policy responses used to combat the shortage of hand sanitizer, masks and disinfectant products during the covid-19 pandemic? *Explan.
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- Scenario 1: Suppose that, as part of an international trade agreement, the U.S. government reduces the tariff on imported coffee. Will this affect the supply or the demand for coffee? Why? Which determinant of demand or supply is being affected? Show graphically with before- and after-curves on the same axes. How will this change the equilibrium price and quantity of coffee? Explain your reasoning. Scenario 2: Suppose the National Institutes of Health publishes a study finding that coffee drinking reduces the probability of getting colon cancer. How do you imagine this will affect the market for coffee? Why? Which determinant of demand or supply is being affected? Show graphically with before- and after-curves on the same axes. How will this change the equilibrium price and quantity of coffee? Explain your reasoning. Scenario 3: Combine parts 1 and 2. Suppose that the U.S. government reduces the tariff on imported coffee, and a reputable study is published indicating that coffee…QUESTIONS: Scenario 1: As part of an international trade agreement, the Oman government reduces the tax on imported coffee. a. Will this affect the supply or the demand for coffee? Why? b. Which determinant of demand or supply is being affected? Explain. c. Show graphically the effect of changes in demand or supply. d. How will this change the equilibrium price and quantity of coffee? Explain your reasoning. Scenario 2: The Ministry of health publishes a study finding that coffee drinking reduces the probability of getting cancer. a. How do you imagine this will affect the market for coffee? Why? b. Which determinant of demand or supply is being affected? Explain. c. Show graphically the changes in demand or supply. d. Will this change the equilibrium price and quantity of coffee? Explain your reasoning.You are hired to work as economic advisor to His Excellency the PrimeMinister of Xanadu, an imaginary country that suffers from a severe recession condition due tothe Novel Coronavirus Pneumonia (COVID-19) pandemic.What are your recommendations for an urgent plan to rescue the economy of Xanadu?Specifically, what government policy actions are required? Explain to His Excellency thepossible drawbacks of your recommended course of actions.
- What do we mean by talking about "Demand for one product" and "Supply of one product"? Could you discuss the impact of Covid-19 crisis for (people's lives) the demand and supply of retail businesses in Cambodia?Scenario 1: Suppose that, as part of an international trade agreement, the U.S. government reduces the tariff on imported coffee. Will this affect the supply or the demand for coffee? Why? Which determinant of demand or supply is being affected? Show graphically with before- and after-curves on the same axes. How will this change the equilibrium price and quantity of coffee? Explain your reasoning.Toilet paper flew off the shelves in the early period of the COVID-19 pandemic. Many have been baffled by this phenomenon but we have to investigate the microeconomics of this situation. Propose economic strategies to prevent another toilet paper crises.
- Q3.The economic impact of Covid-19 pandemic in India has been largely disruptive. Discusshow the Indian economy has been hit hard by the pandemic and suggest ways to revive theeconomy by taking insights from Gandhian thoughts.a) Diagrammatically show and explain how oil prices dropped as concerns over fuel demand in the near term in covid-19 pandemic it europe and the united states. b)Diagrammatically show and explain what happened to the oil market if the price remained unchanged despite the concerns over the fuel demand.When explaining the economics of the pandemic, economists often make reference, among others, to the following three terms: external effects, network externalities, demand shock. Explain each of these concepts within the context of COVID-19
- SUBJECT: ENGINEERING DATA ANALYSIS I. In your own words, define the following terms. 1. Price floor2. Demand3. Economics4. Ceteris ParibusSuppose that, as part of an international trade agreement, the U.S. government reduces the tariff on imported coffee. Will this affect the supply or the demand for coffee? Why? Which determinant of demand or supply is being affected? Show graphically with before- and after-curves on the same axes. How will this change the equilibrium price and quantity of coffee? Explain your reasoning.Scenario Between recalls on mass-produced commercial dog food and a general understanding of the benefits of a healthier diet for pets, the demand for natural or organic dog food is experiencing a significant increase. Wanda's treats are more expensive than the mass-produced treats found in most grocery and big box stores, but she prides herself on providing high-quality products and believes that her customers are willing to pay the extra money for quality. 1. How does Wanda's strategy of being a high-quality provider take advantage of the shifts in consumer demand for healthy dog treats? 2. Identify and describe an event that might occur in the economy that would cause Wanda's strategy to no longer be successful for Salty Pawz. If this event occurred, What actions would Wanda have to take in response, and what impact might they have on her business?
