law of supply?

Q: What effect does a per-gallon tax on gasoline have on the market for gasoline? Who pays for the…

A: The per-gallon tax on gasoline market significantly affect the market for gasoline. Due to…

Q: If costs of production of good X increases what happens with supply or demand for good X? Explain!

A: Cost of production is the monetary value incurred on factor of production used to produce goods and…

Q: Suppose that food shortages are expected in the near future. What happens to the market for farmland…

A: When people expect food shortages in the near future, the demand for food products rises in current…

Q: What conditions must be met for a market to exist?

A: There are different forms of market, the one discussed in this question is the perfect competitive…

Q: The first step in conducting a Supply and Demand Analysis is identifying the Change in the World.…

A: Demand can be defined as the quantity of a good that the customers are able and willing to buy at a…

Q: Excessive usage of polyethene bags is damaging the environment of Bangladesh. Discuss the different…

A: GIVEN   Excessive usage of polyethene baggage an damaging the surroundings of Bangladesh

Q: Milk is flowing like never before in the U.S., where dairies have expanded output enough to send…

A: Demand refers to the total amount of a good an individual is able and willing to buy at the given…

Q: Explain the law of supply. Why does the supply curve slope upward? How is the market supply curve…

A: Supply is the volume of products that sellers are willing to sell in the market, at a given price.

Q: Scenario 1: As part of an international trade agreement, the Oman government reduces the tax on…

A: Market is in equilibrium at the point where the demand is equal to supply. Price at this point is…

Q: A severe drought in California has resulted in a nearly 30 percent reduction in quantity of citrus…

A: Demand refers to when the people want a commodity and agree to pay the price for the same with…

Q: How does a change in production technology impact supply, demand and equilibrium price?

A: Change in Technology helps improving the volume of production thus resulting in decreased cost of…

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

A: It's a major financial rule that when supply surpasses demand for a decent or administration, costs…

Q: Find the supply factors that are important for showing the market equilibrium

A: supply is defined as the quantity of goods that the producers decide to sell in the market at any…

Q: A recent typhoon hits the Philippines where most of the raw materials are produced.  What non-price…

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

Q: The demand is?

A: Given that the price has increased from Rs 100 to Rs 90. i.e = dp = (90-100) =-10 Change in quantity…

Q: How does a market reach equilibrium without any outside intervention? Explain using the supply and…

A: The market equilibrium refers to the situation where the demand and supply curves both intersect…

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: Expalin why/ when?   (a) Producers/sellers are bound to follow law of supply? (b) The price of…

A: Supply is the amount of output that producers or sellers are willing to sell at given prices. Under…

Q: Question 2 What activity defines a market? a) Buyers and sellers negotiate with one another. b) The…

A: In economics, market refers to any place, be it a physical place or online market, where buyers and…

Q: Task 2: At a price of $4, is there a shortage or surplus of bananas? How many pounds? Task 3: At a…

A: Given information: Q = 25 - 2P ---------> Demand function for bananas Q = 3P --------------->…

Q: Which graph best represents the effects of a winter frost/freeze on the supply of orange crops in…

A: The markets are the place where the buyers, or the consumers tend to meet and interact with the…

Q: Under what conditions, a would like to supply less at a price? producer given

A: According to the given question If the producer supply less at the given amount of the price level…

Q: or each of the situations, sketch to show and explain how the following is most likely to affect the…

A: Please find the answer of all thre three given situations below-

Q: Given a market equilibrium point, explain, using the concepts of demand and supply, how it is…

A: To obtain market equilibrium presence of both demand and supply curves are most essential. Demand…

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

A: In a market, the equilibrium price and equilibrium quantity of a good is determined by the market…

Q: Solve for the supply and demand

A: Price      Quantity Demand      Quantity Supply 127.75          1000                        108…

Q: How does the price of corn affect the supply of wheat?

A: Substitute goods are those goods which can be consumed by the consumer for same purpose. Wheat and…

Q: How does the law of supply and demand work?

A: Law of demand When price is less,quantity demanded is more. When price is more,quantity demanded is…

Q: Does a huge supply of a product lower or higher the price of a product?

A: Supply and demand is an economic model of price determination in a very market. It concludes that in…

Q: Why/When Producers/sellers are bound to follow law of supply?

A: Supply- It is an amount of a good or service that is available for use.

Q: if the people passed away due to the cornia cirus what will happen to the food market?. Inficate…

A: Corona virus has impacted most of the countries across the world. It has no known medicine which can…

Q: Which graph best represents the effects of a winter frost/freeze on the supply of orange crops in…

A: According to the law of supply, there exists a direct relationship between price and supply. This…

Q: 1. List 10 new market demand that people need in their lifestyle.

A: We know that Market demand portrays the interest for a given item and who needs to buy it. This is…

Q: How would supply and demand effect the oil production is saudi arabia?

A: The market forces of demand and supply are considered to be the major determinants of price and…

Q: way (If any) does the Supply Curve shit is a decrease in the number of sellers? If there is a…

A: Supply curve depicts the positive relationship between the price and quantity supplied in the…

Q: In the market for some good, demand decreases and supply decreases. What prediction would you make…

A: Demand decreases and supply decreases.  Their effect on market depends upon the magnitude of change.…

Q: 1. The opportunity cost of the good is: a. greater during periods of raising prices b. equal to the…

A: Opportunity cost Opportunity cost is the cost of next best foregone.The opportunity cost of a…

Q: A change in resources. Change in prices of other goods. A change in producer expectation. How are…

A: Supply refers to the level of output that produced at the particular price level. For example, the…

Q: a. What happened to the original supply curve? b. How was the equilibrium point affected? c. What is…

A: Note- Since you have posted a question with multiple subparts, we will solve the first three…

Q: Question 19 In a competitive market, no single producer can influence the market price because O…

A: In case of Perfect Competition, there are large number of firms selling identical products. The…

Q: What is Supply? How about quantity supplied?

A: Supply and quantity supplied may sound the same but actually are very different concepts, having…

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

A: In a market such as cereal and food market, seller and buyers come together for a purpose of…

Q: a) Where does equilibrium occur in the market diagram? b) Describe what would happen in the market…

A: In a free market, forces of demand and supply determine the equilibrium price and quantity.