Question 1:        Physicians’ offices supply some urgent care services (i.e., services patients seek for prompt attention but not for preservation of life or limb). a, Name three other providers of urgent care services. b. What sort of shift in supply or demand would result in a market equilibrium with higher prices and sales volume? c. What might cause such a shift> d. What sort of shift in supply or demand would result in a market equilibrium with higher prices but lower sales volume? e. What might cause such a shift?

Graph the market for an illegal drug and explain the shape of each curve.    List at least four ways the US govt. fights the “war on drugs” and identify each as either a supply-side or a demand-side strategy.    On a new graph, illustrate a large decrease in supply and explain the result in terms of market P and Q.    On a third graph, illustrate a small decrease in demand and explain the new result.    Based on Parts 3 and 4, which strategies—supply or demand—are more effective in decreasing quantities of illegal drugs that are exchanged in these markets?

Graph the market for an illegal drug and explain the shape of each curve.    List at least four ways the US govt. fights the “war on drugs” and identify each as either a supply-side or a demand-side strategy.    On a new graph, illustrate a large decrease in supply and explain the result in terms of market P and Q.    On a third graph, illustrate a small decrease in demand and explain the new result.    Based on Parts 3 and 4, which strategies—supply or demand—are more effective in decreasing quantities of illegal drugs that are exchanged in these markets?    If you were the head of the US Congressional Finance Committee, how would you allocate funds among these strategies and why?

USE FIGURE #1:  In an effort to protect endangered species from the effects of logging in America's national forests, the federal government passes a law prohibiting logging in most of the state of Washington.  Which of the figures above best illustrates the effect of this new law? Group of answer choices - Figure C - Figure B - None of these because a prohibition cannot be illustrated using demand and supply figures - Figure A - Figure D

I was given a word problem but I want to bullet point reasons or answers to the question, rather than one single answer.  1. Assume in a simple example that two changes occur simultaneously in an economy which produces “Good X”.   The economic changes that occur in the market are: 1) An increase in the number of seller/producers in the economy who make “Good X”, and 2) An increase in the number of consumers who purchase “Good X”. Assume that this is a competitive market, what will happen to the market selling price and the market quantity that is bought and sold in the market for “Good X”?

Question one  Plot the supply curve from the supply schedule information provided . Price.                  Quality supply 1                               0 2                                3 3                                 4 4                                 5 5                                 6 a) What can you explain from the graph? b) Can you identify any determinants ? c) What happened if the price change ? d) What happened if other determinants change?     Plot the demand curve from the demand schedule information provided. Price                     Quality Demanded  1                                   9   2                                    6 3                                    4 4                                     3 5                                     2   (a) What can you explain from the graph? (b) Can you identify any determinants? (c) What happens if price changes? (d) What else do you think will happen? (e) What happens if other determinants change?

Please answer the question d .  Assume the following data describe the gasoline market:   (a) Graph the demand and supply curves.   (b) What is the equilibrium price?   (c) If supply at every price is reduced by 6 gallons, what will the new equilibrium price be?   (d) If the government freezes the price of gasoline at its initial equilibrium price, how much of a surplus or shortage will exist when supply is reduced as described in part (c)?

Part 1: There is much discussion in the press about several states moving to legalizing marijuana, either for only medical purposes, or more extremely, for recreational purposes. Looking only at the economic impact (not moral implications) of such changes in the laws, discuss how the existing system of supply and demand for illegal marijuana will be changed with the new legalization. What will happen to existing supply avenues? Will legalization significantly change demand? How? Would one expect prices to change significantly? How? Part 2: What do you think most firms prefer, to have an elastic or inelastic demand for their products? Why would it be better to have an elastic/inelastic demand?

Give typing answer with explanation and conclusion     5.)What happens if a government imposes price controls that require a selling price that is BELOW the equilibrium price?   A. A SHORTAGE results—a shortage then puts a pressure on prices to DROP   B. A SHORTAGE results—a shortage then puts a pressure on prices to RISE   C. A SURPLUS results—a surplus then puts a pressure on prices to DROP   D. A SURPLUS results—a surplus then puts a pressure on prices to RISE

2. What key ingredients are necessary for the creation of economic demand?  Subject: Economics