Other things remain equal, which of the following factors causes the market supply curve of Blue-ray players to shift leftwards? • The costs of producing a single Blue-ray player increases. The number of frms selling Blue-ray players increases. The sellers are expecting the price of Blue-ray players to decline in the soon future. Non of the above factors.causes the market supply curve of Blue-ray players to shift leftwards.
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- Globalization’s fast pace around the world has helped people to adopt new trends and fashion at a higher rate as compared to the era with low level of FDI and trade. In Pakistan the growing concentration for Coffee cafes has opened new horizons for the investors to endow. If TYJ using the annual sales data of Gloria Jeans’ estimated the demand function for their upcoming venture in coffee market, answer the following: QC=10,000-20PC Derive the demand curve and explain the relationship between demand and price. If TYJ wishes to sell 5,000 cups of coffee a day, find the price for selling the same. Suppose if the price is determined at 350 identify the quantity TYJ would be able to sell. Suppose Espresso increases its price for per cup of coffee, illustrate and explain the impact it might create on the demand of coffee provided by TYJ. Calculating the risk, help TYJ identify at what price the demand for coffee would fall to zero. Also, explain in your opinion the demand of coffee is…Plz solve in 1/2 hour it's urgent The market for bananas has the following demand and supply functions Qd= 8 – 3P + Y Qs = 4 + P + 0.5W Where Q is quantity, P is price, Y is income and W is an index of weather. Assume that production is negatively affected by a cyclone. Generate a new supply function accounting for the cyclone shock and assess the effects of poor seasonal conditions on the market outcomes P, Q and revenue.Systems applicationSolve and analyze the following problems. Make sure all the steps are properly justified. Correctly use mathematical notation or terminology. Interpret the solution in the context of the problem.Suppose the supply and demand equations for printed shirts for a graduating class are given byp = 0.7q + 3p = -1.7q +15where p is the price in dollars and q is the quantity in hundreds.Determine supply and demand if the shirts cost $ 9.00. Analyze and discuss the stability of the shirt market at this price level. Prepare the graph of the two equations in the same coordinate system and identify the equilibrium point, the supply curve, and the demand curve.
- Calculate the market equilibrium level of price and quantity for housing unit? Calculate price elasticity of demand using point elasticity method when the construction industry is in equilibrium and interpret the result? Qd = 25000-2P Qs = 10000+1pPlease tell me which of the multiple choice awnsers are correct for following questions.Please tell me only which ones are correct no explanation necessary 18 A firm selling ready meals discovers that the price elasticity of its product is -2.5 and the income elasticity of its product is 1.5. Given this information, which of the following statements are true? Select one or more: a. A 10% rise in consumer income will lead to a 1.5% rise in sales of its ready meals. b. A 5% rise in the price of its product will lead to a 12.5% fall in sales of its ready meals. c. A 4% fall in the price of its product will lead to a 10% fall in sales of its ready meals. d. A 6% rise in consumer income will lead to a 9.0% rise in sales of its ready meals. 19 Given a perfectly competitive firm, which of the following statements are true? Select one or more: a. In the long run, the firm can make profits greater than normal profit. b. Marginal revenue will be less than price. c. In the short…Globalization’s fast pace around the world has helped people to adopt new trends and fashion at a higher rate as compared to the era with low level of FDI and trade. In Pakistan the growing concentration for Coffee cafes has opened new horizons for the investors to endow. If TYJ using the annual sales data of Gloria Jeans’ estimated the demand function for their upcoming venture in coffee market, answer the following:QC=10,000-20PCa) Derive the demand curve and explain the relationship between demand and price.b) If TYJ wishes to sell 5,000 cups of coffee a day, find the price for selling the same.c) Suppose if the price is determined at 350 identify the quantity TYJ would be able to sell.d) Suppose Espresso increases its price for per cup of coffee, illustrate and explain the impact it might create on the demand of coffee provided by TYJ. e) Calculating the risk, help TYJ identify at what price the demand for coffee would fall to zero. Also, explain in your opinion the demand of…
- Keep in mind that management needs to recognize the demand for their product. While this is an obvious statement, it cannot be over emphasized. For example, the inverse demand for Tires is: P = .1I – 11QD The current market price is $21 and average income (I) is $10,990. Calculate the markets total Demand? Calculate the market’s consumer surplus. Draw the Demand Curve and identify the price quantity and label the axes for price and quantity. Calculate the price elasticity of demand at the equilibrium output. Is the Price elasticity of demand calculated in Question #1c elastic or inelastic? Based on the income elasticity of demand, is this product a normal good or an inferior good?(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 unchanged despite the concerns over the fuel demand. (c)You sell two different goods: printers and toner cartridges. The price elasticity of demand for the printers is -3.4, and you earn a revenue of RM15,000 per month from the good. You earn a revenue of RM5,000 per month from the toner cartridges. The cross price elasticity of demand for both of the goods is -2.5. If you decide to decrease the price of the printers by 5%, calculate your new total revenues for…The Potomac Range Corporation manufactures a line of microwave ovens costing $500 each. Its sales have averaged about 6,000 units per month during the past year. In August, Potomac’s closest competitor, Spring City Stove Works, cut its price for a closely competitive model from $600 to $450. Potomac noticed that its sales volume declined to 4,500 units per month after Spring City announced its price cut. a. What is the arc cross elasticity of demand between Potomac’s oven and the competitive Spring City model? b. Would you say that these two firms are very close competitors? What other factors could have influenced the observed relationship? c. If Potomac knows that the arc price elasticity of demand for its ovens is −3.0, what price would Potomac have to charge to sell the same number of units it did before the Spring City price cut?
- Q1 new technology introduced which reduces cost pf producing of hybrid cars graph pre market equilibrium aand post market equilibrium. Q 2 importance of elasticity in decision makingfor consumers and producers, explain your concept byplotting separate graphsA retail store faces a demand equation for Roller Blades given by: Q = 180 - 1.5P where Q is the number of pairs sold per month and P is the price per pair in dollars. The store currently charges P = $80 per pair. At this price, determine the number of pairs sold. If management were to raise the price to $100, what would be the impact on pairs sold? On the store’s revenue from Roller Blades?P12.4 Optimal Markup on Cost. The Bristol, Inc., is an elegant dining establishment that features French cuisine at dinner six nights per week and brunch on weekends. In an effort to boost traffic from shoppers during the Christmas season, the Bristol offered Saturday customers $4 off its $16 regular price for brunch. The promotion proved successful, with brunch sales rising from 250 to 750 units per day. Calculate the arc price elasticity of demand for brunch at the Bristol. Assume that the arc price elasticity (from part A) is the best available estimate of the point price elasticity of demand. If marginal cost is $8.56 per unit for labor and materials, calculate the Bristol’s optimal markup on cost and its optimal price.