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Suppose, suddenly the supply of mutton decreases due to unknown goat diseases.
What would happen to the market of salad items? Would this event affect chutney
market? Because of this decreased supply of mutton what would happen to the market of
Kachchi biryanis, Morog Polaw, and chicken biryanis? Explain (in details) with relevant
diagrams/graphs
Step by step
Solved in 4 steps with 3 images
- Explain about this graph related to price and quality of Pepsi Industry and the quantity. A, B, C, D indicates?please, I need explanationNow consider a different situation. A flood has occurred at rural areas in Bangladesh, which has caused local people to sell their livestock (i.e. chicken, duck, cow, goat) at low price in the market. Because of this event, what would happen to the market of salad items? What would happen to the market of Kachchi biryani, Morog Polaw, and chicken biryanis? Explain (in details) with relevant diagrams/graphs.Question 4 and pr If a website facilitates the sale of goods by individuals and businesses over the internet, but requires actual pho to be posted instead of a manufacturer's stock picture of the product, both the demand and supply of products shift due to the improved information. If supply shifts by more than demand, quantity will decrease, increase O increase, decrease increase, be indeterminate O decrease, be indeterminate
- Draw a supply and demand diagram with this information: Please include the The price axis with a label and a scale showing various number The quantity axis with a label and a scale showing various numbers The Supply curve with a label The Demand curve with a label The equilibrium price, also labeled The equilibrium quantity, also labeled information- Product: Sweatshirt Time period: Sweatshirts sold per week. Geographic area: Buckley Range of prices: $0-$25 Quantity Range: 1,000 sweatshirts1. Each of the following events would tend to increase or decrease either the demand for or the supply of electronic games and, as a result, will increase or decrease the price of these games. In the first blank, indicate the effect on demand or supply (increase, decrease); in the second blank, indicate the effect on price (increase, decrease). Assume that the market for electronic games is competitive. a) It becomes known by consumers that there is going to be a major sale on these games one month from now. _____________________________________, _________________________________ b) The workers in the electronic games industry receive a $3 an hour wage increase. _____________________________________, _________________________________ c) It is announced by a respected research institution that children who play electronic games also improve their grades in school. _____________________________________, _________________________________ d) Because of an increase in…labeled graph for demand and supply ??=25−0.2? and ??=−5+?
- Use the graphical illustration to answer the following questions: (if required, use the discreet number of barrels)1. How much is the price of the natural-organic oil per barrel?2. How many barrels of natural-organic oil should the firm produce to maximize its profit?"Standard tickets for Beyonce’s Renaissance tour went on sale in the UK for a price of£56 in February 2023. Many fans complained about receiving constant errormessages and being stuck in long on-line queues of more than 500,000 people. Inresponse to these negative comments a spokesperson for Ticketmaster, thecompany in charge of selling the tickets, stated that: ‘There was never going to be enough tickets to meet demand’." What is a secondary ticketing market, and how does its existence affect the allocation of resources in the market for Beyonce's Renaissance tour tickets? (Include diagram)Only typed answer and don't use chat gpt Suppose there is a market that is in equilibrium until there is a sudden decrease in supply. What happens to equilibrium price and equilibrium quantity? The equilibrium price decreases but the equilibrium quantity increases. The equilibrium price increases but the equilibrium quantity decreases. The equilibrium price and equilibrium quantity increases. Both the equilibrium price and equilibrium quantity decreases.
- "Standard tickets for Beyonce’s Renaissance tour went on sale in the UK for a price of£56 in February 2023. Many fans complained about receiving constant errormessages and being stuck in long on-line queues of more than 500,000 people." What is the relationship between the price of a ticket and the quantity of tickets demanded by consumers, and how does this affect the market for Beyonce's Renaissance tour? (Include diagram)The price of insulin injection kits, used by diabetic patients, increases from $45 to $52, but the equilibrium quantity remains the same. Is it possible? Explain why or why not. Use graphExplain the impact of the following conditions on the market demand and price of given products and sub-parts aswell: The impact of decrease in income of a household on the market demand and market equilibrium price of an inferior product. The impact of an increase in the price of Yamaha motorcycles on the demand and market price of Honda motorcycles. The impact of Covid-19 on the market demand for hand sanitizer. Note: Just explain justify your answers theoretically. There is no need to provide graphical analysis.
