Price ($)Quantity Demanded Quantity Supplied 200 26,000 12,000 23,000 20,000 245 16,000 290 20,000 335 17,000 24,000 380 14,000 28,000

Q: The three motives for holding money in the liquidity preference theory are related positively to…

A: Under liquidity preferences theory given by the keynes,  There are three motives of money  1)…

Q: a. The Singapore Government strongly supports the idea of increasing Singapore's marginal tax rates…

A: Note: We will answer the first question as the exact one was not specified. Please resubmit a new…

Q: Question 6 Conservative financing strategy provides long-term funds based on the minimum…

A: In an economy, people make consumption and savings decisions based on their rational behavior and by…

Q: 12. Regarding the Glass Steagall Act of 1933: A) commercial banking was combined with investment…

A: Glass steagall Act was created in 1933 with the aim to  separate investment and commercial banking…

Q: $72 Marginal Cost $60 $48 $36 $24 $12 Marginal Demand Revenue 100 200 300 400 500 600 Quantity Based…

A: Monopoly: - monopoly market structure is the structure in which there is only one seller of any good…

Q: Homework (Ch 14) 1. There must be many buyers and sellers-a few players can't dominate the market.…

A: In a competitive market, there are various sellers selling identical goods. Firms are price takers…

Q: Refer to Table 1-1  Assume that Derryland and Whetonia each has 40 labor hours available and that…

A:

Q: Consider two countries, home and foreign and a single good, Y. Assume that home country imports good…

A: A tariff is a government-imposed tax on imported goods and services that boosts the price and makes…

Q: 2. Activities incduded (and not included) in the calculation ofGDP The gross domestic product (GDP)…

A: Gross domestic product is the value of final goods and services produced in the economy within a…

Q: The diagram below shows the domestic demand and supply curves for jeans in Canada. The prevailing…

A: "Deadweight loss represents the loss that is not offset by a gain elsewhere in the economy."

Q: what is the significance of Consumer Preference to government agents?

A: Understanding consumer preferences can help you predict consumer demand because it determines what…

Q: Which pair below are examples of automatic stabilisers? O taxes and welfare payments saving and…

A: When talking about automatic stabilizers, it can be said that these are the government programs or…

Q: What could cause an increase in the supply of Argentine pesos on the foreign exchange market? …

A: The foreign exchange market, that is also known as the over-the-counter market, is a decentralised…

Q: If the equilibrium GDP is 4000 billion, full employment GDP is 5000 billion, marginal prosperity to…

A: Marginal propensity to consume (MPC) = 0.80Spending multiplier = 1(1-MPC) = 1(1-0.80) = 10.2 =5…

Q: 2. Discuss the following statement: 'In the real world there is no industry which conforms precisely…

A: here we discuss the following statement as follow;

Q: Please answer fast please help

A: Fiscal policy means the government made their expenditure to construct the roads, infrastructure,…

Q: Part 4 5 6 Answer all questions from this section. For each question, identify the statement as…

A: A.4 The optimal currency area hypothesis (OCA) posits that a shared currency would benefit specific…

Q: $10,000 $9,800 $9,600 $9,400 $9,200 $9,000 $8,800 $8,600 $8,400 $8,200 $8,000 $7,800 $7,600 $7,400…

A: The Fisher Effect is an economic hypothesis that explains how inflation affects both real and…

Q: A child’s grandparents have opened a ₱60,000 savings account for the child on the day of her birth.…

A: Compound interest (also known as compounding interest) is interest calculated on a loan or deposit…

Q: Please arjent please help

A: The money demand curve shows the inverse relationship between the interest rate and the quantity of…

Q: 4 4 Q(K1, K2) = K}K The price of one unit of K1 is 160, and the price of one unit of K2 is 5. Solve…

A: The production function: Q(K1,K2)=K145K245          .... (1) Price of input K1=160 Price of input…

Q: Compare and contrast four theoriesof city growth

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Marginal benefit is the benefit that your activity provides to someone else. True False

A: Total benefit is defined as the total amount of benefit received by the consumer from all the…

Q: For an IS/LM model of an economy with the following equations: C = 200 + 0.8Y |= 220 – 25i G240 TR…

A: The IS–LM model is a two-dimensional macroeconomic instrument that depicts the link between interest…

Q: A. Discuss two uses of the National Income statistics. B. Explain why ‘transfer payments’ are…

A: (A). National income statistics help us to get information about the structure of the economy. It…

Q: Question 15 Prime interest rate refers to the lowest rate charged by bank to their most important…

A: The economies around the globe are involved in various activities, which are in the form of economic…

Q: The table below shows the demand and supply for soybean in Anderson County, South Carolina. A)…

A: Here, the given graph shows the demand and supply schedule of soybean at different price level.

Q: Over time, the price elasticity of supply for sunglasses will become more O a) inelastic O b)…

A: Elasticity of demand is defined as type responsiveness of the quantity demand when price of the…

Q: ? SAC А. В. SAC С. SAC AC AC АС ? ? ? SAC D. Е. F. SAC АС SAC АС AC ? ? 1. Of the graphs shown…

A: In a market, a firm experiences different phases of production based on its cost function with the…

Q: 1) Inadiagram of the labour market A) a temporary adverse productivity shock causes the labour…

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…

Q: From which of the following banks would cost be higher ? Bank W - 22% interest payable at maturity…

A: Introduction Maturity interest-Maturity is a defined with respect to bonds which have fixed…

Q: A restrictive monetary policy in Canada is most likely to: Multiple Choice depreciate the…

A: Central banks use restrictive monetary policy to hinder economic development. The term "restrictive"…

Q: The market price is: A The firm's marginal revenue is: A At the current market price, what quantity…

A: The market price would be the one where the quantity supplied is equal to the quantity demanded.…

Q: Determine the optimal strategy for the situation by representing it as a game and finding the saddle…

A:

Q: What is the Imperfect competition that refers to any form of market structure other than perfect…

A: In contrast to the ideal competitive market scenario, imperfect competition is a competitive market…

Q: Statement 1: Police power can be used to raise revenue for the government. Statement 2: The primary…

A: Hi! Thank you for the question As per the honor code, We’ll answer the first question since the…

Q: In what way do free resources becomes economic resources?

A: Free resources are those goods which are present in abundance. The goods which are not getting…

Q: An office 3-tray photocopier is for sale at PHP 16,000 in cash or on terms: PHP 2,500 down and PHP…

A: Cash price of the 3-tray photocopier = Php 16,000 Terms for monthly installments: Down payment =Php…

Q: When does a village become a city?

A: Meaning of Macroeconomics: The term macroeconomics refers to the situation of economic and…

Q: Assume that the market for car washing is perfectly competitive. If a single firm washes 27 cars per…

A: Given the number of firms = 100 A single firm washes cars in a week = 27

Q: The market for good B is in equilibrium. Then a technological innovation reduces costs of production…

A: Equilibrium is the condition in which economic forces are perfectly balanced.

Q: In question 24, Derryland will have 29 units of cheese and 3.5 units of bread after trading with…

A: Production Possibility Curve shows the combination of the two goods that the given endowments of…

Q: Suppose that banks hold $20 billion in total reserves and the nublic holds $5 billion in cash.…

A: Since the question you have posted consists of multiple parts, we will answer the first three…

Q: Question 3 low-cost range for multiple alternatives. variable location fixed cost cost/unit elm 125…

A:

Q: Assume MPC = 0.9, MPM = 0.3 and the Keynesian expenditure multiplier is 2, then the MPT must equal…

A: "The keynesian expenditure multiplier measures how a change in private consumption spending,…

Q: For an IS/LM model of an economy with the following equations: C = 200 + 0.8Yd |= 220 – 25i - C =…

A: The IS-LM Model is defined as a model where IS stands for Investment-Savings and LM stands for…

Q: If C = 5 +0.6Y, I = 2 - 0.1r, G= 3, T = 4, X = 5 and M = 2+0.1Y. Form a IS equation for 3 sector…

A: "IS curve equation is derived from goods market equilibrium as it shows different combinations of…

Q: What policies and practices did the United States of America use to control the governments and…

A: The term "government" is also used in the Commonwealth of Nations. It is used more narrowly to refer…

Q: The monetary base increased by 20% during the contraction of 1929-1933, but the money supply fell by…

A: The monetary base increased by 20% during the contraction of 1929-1933, but the money supply fell by…

Q: Describe the major risks ( Economic Risk & Political Risk) of international diversification.

A: International diversification entails a number of risks. Political and economic risks are the most…

Market Surplus and Shortage Analysis

In everyday language, a “surplus” indicates that there is an excess of something, while a “shortage” means that there is a scarcity of it. In economics, “market surplus” refers to the condition where the quantity of a certain good more available than what is required or “demanded” by the market. In the same way, a “market shortage” refers to the condition where the quantity of a certain good is less available than what is “demanded” by the market. If quantity in demand is written as Qd and quantity that is supplied is written as Qs, then, the condition Qs > Qd indicates market surplus and condition Qd > Qs indicates market shortage.