In 2005 Earthquake has devastating effects on the economy. A lot of factories gets destroyed, many people lost their life. Explain with the help of demand and supply curves how an earthquake affects the market equilibrium and what is the new equilibrium price and quantity.

Q: The 5G smartphone market is expanding rapidly recently. Due to the advancement of technology, the…

A: Demand: It refers to the goods and services that are demanded by the people. More demands show more…

Q: Direction: Using the graph below as basis answer the following questions in the space provided.…

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A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: Question 4 Carefully explain what is happening in the following markets. Indicate the impact if any…

A: The equilbrium price and quantity of a good sold in the market are determined by the forces of…

Q: Supply Lecture Activity Part A Read the following scenario and answer the questions below. Pete's…

A: Since you have asked multiple parts we will answer the first part for you  Law of supply states that…

Q: Complete the paragraph by filling in the blanks based on what you have learned from the lesson.…

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Q: As the ethanol mandates increase, what happens to the demand for corn (you can think about this as…

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Q: Price Quantity demanded Quantity supplied 3 150 60 4 100 100 5 70 130 6 50 150…

A: Hello. Since you have posted multiple parts of the question and not specified which part of the…

Q: What effect do supply and demand have on the price of a good or service? How do the costs of doing…

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A: (i) The supply of the airline tickets will not be in the economy due to the fact that the changes in…

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Q: In 2008, the price of corn increased by 35 percent and some cotton farmers in Texas stopped growing…

A: Law of supply states a positive relation between price and quantity supplied.

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A: The equilibrium in the market is determined by the market forces of supply and demand. The demand…

Q: Use a demand-supply diagram to explain the impact on the market for computers. - Computer…

A: In the free market, price and quantity is determined by the forces of demand and supply. Demand…

Q: What causes a change in the quantity supplied? Graph a supply curve and show a change in quantity…

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A: Demand and Supply are referred to as the relationship between the quantity of a good which a…

Q: The market for pizza has the following demand and supply schedules:a. Graph the demand and supply…

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Q: At a given quantity supplied, what does the supply curve show?

A: Supply refers to the complete amount of a particular product or service that is available to…

Q: Problem and Application 2.1 The market for pizza has the following demand and supply schedules:…

A: Here, the given table shows quantity demanded and quantity supplied of pizza at different price…

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Q: Analyze the effects of changes in demand and supply on market equilibrium.

A: Overview of Changes in Equilibrium Prices   Shifts in the Demand Curve(when supply is unchanged)…

Q: Headphones and mobile phones are complements because they are often enjoyed together. When the price…

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A: Answer: Introduction: Due to a 100-degree heatwave, the demand for box fans has increased. As a…

Q: Subject: Business economics  Question 1: Show in a diagram the effect on the demand curve, the…

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A: Answer 1.  The quantity of a commodity or service that consumers are willing and able to purchase at…

Q: In each problem, you must explain the scenario’s effect on the market. If the quantity supplied or…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: In each problem, you must explain the scenario’s effect on the market. If the quantity supplied or…

A: 1)Due to patent effect,demand for the product would decrease,supply remaining same. Therefore demand…

Q: Illustrate the effect on the equilibrium price and quantity using supply and demand curves. Be sure…

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Q: Question: Show in a diagram the effect on the demand curve, the supply curve, the equilibrium price,…

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Q: What is the Supply Schedule and the Supply curve, and how are they related?

A: Supply is a fundamental concept of economics which describes the total amount of a specific service…

Q: What is supply? What are the factors affecting supply of a commodity?

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A: # according to the law of demand there exist a negative relationship between price and quantity…

Q: Consider the market for chocolate ice cream. For the following events: (1) determine whether the…

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Q: Who are on the demand side of the market?

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Q: Question 4 Carefully explain what is happening in the following markets. Indicate the impact if any…

A: The point where demand and supply intersect each other is known as equilibrium point. At this point,…

Q: Choose an example of two related products. Change the price of one product and explain in detail…

A: When two goods can be used in place of each other easily, then the goods are perfect substitutes for…