In the Al-Batinah region, Mr. Ibrahim supplies 75 computers, Mr. Saif supplies 50 computers, and Mr. Ahmed supplies 125 computers. What will be the market supply?
Q: Good X and good Y are substitute in production. The demand for good X decreases, which lowers the…
A: Two goods are called ‘substitutes’ to each other, if they can satisfy the same need of the consumers…
Q: Excess supply of a product will cause the price to As a consequence Market for pizza of the price…
A: In the case of excess supply, the quantity supplied is more than the quantity demanded. The excess…
Q: The government imposes a nationwide lockdown due to pandemic. How would this affect the market and…
A: One of the most basic notions in economics is the law of supply and demand. It uses the law of…
Q: Quantity 38. A move from M to N best represents a A change in quantity demanded B. change in demand…
A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…
Q: Illustrate and explain how the shortage of chips will impact the market for (i) chips and (ii) motor…
A: Market is defined as an area or a region where the buyers and sellers interact with each other to…
Q: What is the Quantity Demanded of coffee in this initial state? thousands of 8 oz cups What is the…
A: Below is the edited graph:
Q: Find the equilibrium quantity Price Quantity Quantity supplied demanded 25 42 20 30 35 24
A: General form of demand equation: Q = a + bP Where Q is quantity demanded P is price 'a' is quantity…
Q: The highest quality cricket bats, used by Test cricketers, sell for over $1,000AUD. They are made…
A:
Q: You go on vacation for 14 days to an island in the middle of the ocean that is known for selling…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Quantity Supplied Quantity Price Demanded $50 300 $55 220 80 $60 150 150 $65 90 230 $70 30 300 Using…
A: At price 70,quantity supplied is greater than quantity demanded. Therefore there would be surplus of…
Q: It is expected that the price of a bushel of wheat will increase in one month. This belief will…
A: Demand: - Demand is the relationship between the quantity demanded and the price of a good. There is…
Q: Equilibrium Price: Skateboards The demand for your hand-made skateboards, in weekly sales, is q =…
A: Equilibrium amount of skateboards can be found by equating demand to supply. At this equilibrium…
Q: An increase in prices will cause an increase in the amount supplied a. True b. False
A: Given statement: An increase in prices will cause an increase in the amount supplied.
Q: X and good Y are substitute in production. The demand for good X de lowers the price for good X. The…
A: Two goods are called ‘substitutes’ to each other, if they can satisfy the same need of the consumers…
Q: Price of wheat A. Supply D. F G. H Demand I K L M Quantity of wheat
A: Here, given graph explains the market for wheat with quantity of wheat on x-axis and price of wheat…
Q: If a new type of fertilizer is invented that makes coconut trees twice as productive, the _____A___…
A: The demand shows the inverse relation between the price and quantity demanded (law of demand). This…
Q: Price L
A: The law of demand refers to the inverse or negative relationship between the quantity demanded of a…
Q: Price D2 Do Pairs of Indine Roller Skates This diagram shows the market for in-line roller skates.…
A: In the production process, the conditions and fluctuations that happen between demand and also the…
Q: A shortage exists in a market when:
A: Shortage: It means the situation when demand is more than the supply of goods and services in the…
Q: Draw the supply and demand curve for TVs. Doctors discover that watching HD TV prevents cancer. What…
A: Demand curve is downward sloping which tells the relationship between price and quantity demanded of…
Q: DRAW THE LAW OF DEMAND CURVE. NOW SHOW WHAT HAPPENS WHEN THE PRODUCT PRICE GOES DOWN-
A: Demand curve depicts an inverse relationship with price and quantity demanded.
Q: Price per Ice-cream (Rs.) Demand for Ice cream (Qd) Supply for Ice cream (Qs) 140…
A: The economic law of demand displays that the inverse correlation between the collective units…
Q: At the current price there is a shortage of a product. We would expect price to: a. Increase,…
A: Since you have asked for question number 14. So I am answering only 14.
Q: Quantity Quantity Price supplied demanded (dollars per pound) (pounds) (pounds) 3 7. 2 4. 2. 1 The…
A: Answer to the question is as follows:
Q: prices and greater at prices O high; low O low; high
A: Elasticity of supply depicts how much producer responds to the change in the price level.
Q: When a market is in shortage,
A: Market shortage is a situation in which quantity demanded in the market is more than quantity…
Q: Demand and Supply P = 75 – 3Qd and P = 25 + 2Qs Determine the market price and market quantity
A: Demand function P = 75 – 3Qd Supply function P = 25 + 2Qs
Q: When chips are $2, Juliette buys 8 bags. When they are $3, she buys 6 bags. When they are $4, she…
A: Ans. Price ( $) Quantity demanded (bags) $2 8 bags $3 6 bags $4 5 bags
Q: Price (dollars per pizza) 15 14 13 12 D. 10 9. 50 100 150 200 250 300 350 Quantity (thousands of…
A: Answer is given below
Q: The widget market is competitive and includes no transaction costs. Five suppliers are willing to…
A: Market Equilibrium:The market equilibrium exists at a point where market demand and market supply…
Q: Equilibrium Price: Skateboards The demand for your hand-made skateboards, in weekly sales, is q =…
A: Given, Demand function = -3p+500Supply function = 2p - 400
Q: the price when the quantity supplied equals quantity demanded is called the
A: A market-clearing price is that the price of an honest or service at which quantity supplied is…
Q: Question2f - part 1 Given the following information QD = 240 – 5P QS = P where QD is the quantity…
A: Equilibrium condition:QD=QS Given:QD=240-5PQS=PSolution:QD=QS240-5P=P240=P+5P240=6PP=2406P=40Thus,…
Q: Based on the figure below, an increase in the quantity of oil supplied but NOT in the supply of oil…
A: The given graph explains the change in the supply and quantity supplied in the oil market.
Q: A liter of alcohol is sold at 450, on a single month a total of 500 liters is sold in the market.…
A:
Q: Price of a Quantity of movies movie Demanded $15 155 $17 ? 155 163 157
A: Law of demand states that there is an inverse relationship between price and quantity demanded,…
Q: I only need part D to be answered . Thank you! Demand and supply often shift in the retail market…
A: Note: I'll explain part d and just give you the answers to other parts so that you can verify…
Q: Coffee and sugar are complements. If a poor sugar harvest leads to an increase in the price of…
A: In economics, complementary goods are defined as those goods which are jointly/combinedly consumed…
Q: If another phone service provider enters the market and forces Connecting U to drop the price of a…
A: Price elasticity of demand refers to the change in quantity demanded of a good in response to change…
Q: Canned ssalmon is less desireable than other fish as incomes goes up what haapens to the supply…
A: In case of an inferior good as the income rises quantity consumed decreases. Thus, Canned salmon is…
Step by step
Solved in 2 steps
- Explain what factors might have caused investor asset demand for real estate to grow in Question 2.8. Question 8 Suppose investor demand for real estate assets grows in the sense that prevailing cap rates (OARs) in the property asset market fall from 10% to 8%. Assuming usage demand remains constant in the space market, show on a four-quadrant diagram, similar to Exhibit 2-4b, the short- and long-run effects of this change in investor demand. [Hint: You can answer qualitatively or recognize that specific quantitative answers will depend on the shapes and slopes of the curves (i.e., the elasticities) in each quadrant.]The demand for corn is given by: QD= 240 -P. The supply of corn is given by: QS= 9P -760. The government has a price support policy of $180. Calculate the dollar amount of government expenditures for the price support policy. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.)polysilicon prices have been significantly rising in 2022 due to supply shortages. Among many other uses, polysilicon is a major component in solar panels. Assume this trend continues and assume at least part of the population purchases carbon offsets as an alternative to using renewable energy. Which of the following will most likely happen to the market for carbon offsets due to the rising prices of silicon? a. The price of carbon offsets will increase. b. The price of carbon offsets will decrease. c. The price of carbon offsets will be unaffected.
- On average, a hectare produces 50 tons of bananas. For sake of simplicity, lets assume that they are only 100 hectares of bananas. Total production is then 5000 tons. Assume that disease will destroy 10% of the initial area in a year. It means that in year 0 production will be 5000 tons. In year 1 , production is 4500 tons. In year 2, production is 3500 tons .Assume the initial price is $1. Assume demand elasticity is -0.5 and supply elasticity is 1. Calculate change for each year. Note that K will be calculated based on the change of total quantity produced instead of the change in yield. You will find a negative negative which is the vertical shift generated by the disease. How does this look graphically ? Draw the graph. 2. Calculate change in consumer and producer surplus change. Note that it is not positive. Assume that the discount rate is zero.As the diesel prices have almost caught up the gasoline prices, the market for diesel cars has responded. What do you expectIf the market conditions for a given good are specified by Qd=60,000-500P and Qs=500P, If government decides to set the price at 40 current units, what policy is this? What are the implications of this action?
- A) diagrammatically show and explain how oil prices dropped as concerns over fuel demand in the near term in covid-19 pandemic hit europe and the united states. B) diagrammatically show and explain what happened to the oil market if the price remained unchange despite the concerns over the fuel demand.Suppose market demand and supply are given by Qd = 300 - 4P and QS = -50 + 3P. What is the equilibrium price is?Slacks and jackets are two complementary goods, find the market equilibrium price and quantity form their demand and supply equations: Qd(s)=410-5Ps-2Pj; Qs(s)=-60+3Ps Qdj=295-Ps-3Pj; Qsj=-120+2P
- You plan to purchase a car for $28,000. Its market value will decrease by 20% per year. You have determined that the IRS-allowed mileage reimbursement rate for business travel is about right for fuel and maintenance at $0.485 per mile in the first year. You anticipate that it will go up at a rate of 10% each year, with the price of oil rising, influencing gasoline, oils, greases, tires, and so on. You normally drive 15,000 miles per year. What is the optimum replacement interval for the car? Your MARR is 9%.No written by hand solution 4.7 An estimate of the demand function for household furniture produced the following results: F=0.0036 Y1.35R0.19P(−0.37) r2=0.996 where F = furniture expenditures per household Y = disposable personal income per household R = value of private residential construction per household P = ratio of the furniture price index to the consumer price index The point price elasticity for household furniture is -0.37 or -1.95 or 1.35 or 7.11 and the income elasticity is -0.37 or -1.95 or 1.35 or 7.11 . According to the estimated model, a 10 percent increase in the value of private residential construction per household Increase or decrease the quantity demanded by 1.4 or 1.9 or 5.1 percent.Mom’s Pretzels is a fairly small firm selling gourmet pretzels in a popular mall. As shop owner and operator, you have observed that your daily sales tend to follow a pattern that can be stated as: Q = 600 - 160PP + 1A - 25Ps + 6I where Q = unit sales of pretzels, PP = price of pretzels in dollars, A = advertising expenses, Ps = price of soda pop sold at your stand in dollars, and I = per capita income of customers in thousands of dollars. You are currently charging $1 per pretzel, spending $200 in advertising, charging $1 for a soda pop, and per capita income is $25,000. a. Compute price elasticity, advertising elasticity, income elasticity and cross-price elasticity. b. You are currently paying $.90 to produce a pretzel (including cost for dough cost to bake, and wrapping). Is this the profit-maximizing price? Explain/show your math.
