Give an example of supply and demand market price changes have experienced or have learned about through the news media during or after a hurricane, typhoon, tsunami, fire, flood, mudslide, earthquake, or other natural disaster. If prices went up, did you think it was fair? Did you think it was ethical?   If you did not personally experience the disaster, put yourself in the shoes of someone who did, and answer the questions hypothetically.

Q: What is the purpose of a boycott? Describe the characteristics of companies and consumers that are…

A: The purpose of a boycott is for a consumer to refrain from purchasing, utilizing, or dealing with a…

Q: Why is the war on drugs hard to win? The government has not used adequate resources in the war. It…

A: Underground economy: - underground economy refers to the economy which is hidden from the government…

Q: Hannah Gadsby is doing a one-night only show in Toronto at Massey Hall. Only 205 seats (identical on…

A: Price discrimination refers to a pricing strategy where the sellers charge different prices for…

Q: Given the following information Qd = 240 - 5P Qs = P Where Qd is the quantity demanded, Qs is the…

A: Demand(DD) curve is a downward-sloping curve which shows that as price(P) rises, quantity…

Q: But how many masks were suppliers initially producing at the $10 price?

A: Quantity demanded: It refers to the total demand of the economy within a given time period. The more…

Q: What do we mean by talking about "Demand for one product" and "Supply of one product"? Could you…

A: Demand for a single product means when changes in the prices and prices of other commodities affect…

Q: More and more schools are requiring students to wear uniforms. This means that more uniforms must be…

A: The figure (1) below shows the market for uniforms.Assume that initial equilibrium is at point A…

Q: If the government could charge different entry or user fees at different national parks to raise…

A: Price elasticity of demand refers to the responsiveness of the quantity demanded to a change in the…

Q: Where there is asymmetric information between buyers and sellers:        product shortages will…

A: Asymmetric information refers to incomplete or missing information. This occurs either on the…

Q: The height of the supply curve represents the ____________________ for each quantity.              […

A: 1. The height of the supply curve represents the quantity supplied for each quantity. 2. The height…

Q: What would happen if the government imposes a price ceiling on oil and gas prices, how would this…

A: Price control is undertaken by the government to increase the welfare in the economy. Price ceiling…

Q: Which price adjustment strategy is based on how a customer's perception of a product is influenced…

A: Willingness to pay, segments, business dynamics, trade margins, competitor behaviour,  and input…

Q: Confirmation of my true or false questions, thanks for your help!1. A theory is an explanation of…

A: 1) A theory is an explanation of the casual mechanism behind observed phenomena. Thus, the statement…

Q: Airports typically charge a higher price for parking during holidays than they do during other times…

A: The motive behind charging high parking prices during holidays is earning extra revenue. During…

Q: Some states and localities have laws that make it illegal to resell event tickets at prices higher…

A: Advantages of lower price law: This law helps the movie viewers to get the ticket at lower price. If…

Q: THE GOVERNMENT IN YOUR COUNTRY IS CONSIDERING THREE PROGRAMS THAT AFFECT THE MARKET FOR CIGARATTES…

A: In a market, a government is one who enters the market when automatic stabilizers are unable to work…

Q: The government in your country is considering three programs that affect the market for cigarettes.…

A: ‘Program 1’ will reduce the demand(dd) for cigarettes because people will consume less. ‘Program 2’…

Q: Hannah Gadsby is doing a one-night only show in Toronto at Massey Hall. Only 278 seats (identical on…

A: We will answer the first question since the exact one was not specified. Please submit a new…

Q: imedietely before and after natura disasters demand may outstrip supply for certain products such as…

A: After the natural disaster demand outstripped supply means demand is more than supply.

Q: You have decided you would like to buy a $100/cwt call to protect your purchase price. You pay a…

A: Call strike price = $100 per cwt Expected basis = $-2 per cwt. Premium amount = $4.90 per cwt

Q: All else equal, a price reduction will have a bigger impact on the revenue of industries that have ?

A: The impact on revenue of the industry when price change is depends upon the elasticity of the…

Q: Do you think the offline stores engaged in price gouging? If you were part of the panel, what would…

A: When a seller raises the price of goods, services, or commodities well over what is deemed…

Q: What kind of market structure is involved for the sale of medicines and vitamins in the above case?…

A: The market is a location where the transaction of services and commodities takes place. It is…

Q: True or False: The price of gasoline is determined by oil companies rather than supply and demand.…

A: When talking about the market structure, it can be seen that a competitive market is one with high…

Q: Economics is a science describing the use of scarce resources to satisfy needs and unlimited wants.…

A: Economics is that the study of how individuals and societies opt to allocate scarce resources, why…

Q: the private value, then you should shift the demand curve to reflect the social value of consuming…

A: An externality refers to a cost or a benefit that arises from production or consumption and has an…

Q: When may it be more efficient to supply the goods publically than               privately? Please…

A: "Rival goods are those goods that can only be used by a single consumer. The consumption of a rival…

Q: Your student group is setting up an internship fair. You invite companies looking for interns and…

A: In an economy, an individual make various economic activities to make his contribution towards the…

Q: Using the information on the graph below, choose the answer that best represents what happens to…

A: Weather radio are used to know the information about the weather outside.

Q: Analyse the problems carefully. Answer the problems and present your solutions. Interpret the…

A: Equilibrium is attained in the market at the point where the demand and supply intersects each…

Q: media campaigns and labeling requirements aimed at making the public aware of the dangers of…

A: Suppose in the market of cigarette, the demand curve of the cigarette is D and supply curve of a…

Q: Increases in demand caused the price of cotton to more than triple between early 2010 and early…

A: cotton creation may increment by more than six percent to a record 25 million bundles in 2010-11…

Q: Provide examples and/or latest news or updates of the law and supply and demand

A: The economies around the globe tend to operate with the help of the markets. The markets are for…

Q: Economics is a science describing the use of scarce resources to satisfy needs and unlimited wants.…

A: Shipping tonnage refers to the volume of a cargo ship. Tonnage measures the amount of cargo the ship…

Q: Write a brief policy statement that presents a position on the need for utilizing morediverse…

A: Policy statement is a set of methods that are accepted in an organization. It provides a guideline…

Q: Can good news for farming be bad news for farmers? Explain your views in the light of demand and…

A:

Q: The global crisis of electronic chips shook and shattered many industries while in the forefront of…

A: Automobile industry   Due to the…

Q: QUESTION 2 When demand conditions are the same in all countries, the Rybczynski and Stolper-…

A:

Q: Distinguish between price loss coverage and agricultural risk coverage. How do they help reduce the…

A: The Price Loss Coverage and Agriculture Risk programs providing of financial protections for farmers…

Q: Shortage conditions (shortages) will cause suppliers / producers to increase prices in order to gain…

A: Shortage occurs when quantity demanded exceeds quantity supplied. As a result an upward pressure is…

Q: Demand-side market failure is when there is a shortage of a good in the market. True False

A: Market failure: - Market failure is the condition of inefficient allocation of available resources…

Q: How high oil prices affect shipping companies demand

A: The shipping industry demand is related to oil prices, since they can greatly affect how expensive…

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…