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How do changes in the interest and
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- Why expectation for future prices is one of the factors that can affect supply?Write down the factors affecting supply. Which of the following factors will cause the following products to increase or decrease? Crude oil Beef Hotel rooms Fast food outlets Credit cards issued by financial institutions Laptop computersDiscuss clearly how the following items may affects the change in demand. Population change Prices of related goods Expected future prices, income, and credit
- Which of the following would NOT be a determinant of demand? A. the price of related goods B. the prices of the inputs used to produce the good C. income D. expectationsTick the correct cause of the shift in demand, then draw either an inward shift or an outward shiftGiven a fixed demand curve, which of the following is affected when the price changes? a) income b) tastes c) expectations d) quantity demanded
- Are the directions of the changes in equilibrium price and quantity sensitive to the magnitudes of the changes in income and wage rate? Defend your answer.Identify ALL the factors that can shift a supply curve? and Explain briefly how each factor impacts the respective supply curve?List three reasons why a demand curve could shift upwards