Provide a plausible explanation, using a demand-supply graph, for each of the following outcomes: 1. The price and quantity in the market for Pepsi rises. 2. The price of Pepsi rises but the quantity falls.

Q: he industries in South Africa, such as housing and healthcare, are controlled by the government. Mos...

A: The conclusions that can be drawn about the South African economy based on the given information is ...

Q: Discuss the role of foreign exchange in international trade.

A: The measure which depicts the value of one currency in terms of another currency is known as the rat...

Q: Question 20 prices. Nominal gross domestic product (GDP) is GDP measured in O a) base O b) current O...

A: GDP is the value of all the goods and services in an economy at a given point of time. GDP is broadl...

Q: Consider the following time series representing % deviations from trend for Investment (black) and G...

A: Given the graph shows the deviation in percentage on the verticle axis and the number of years on th...

Q: Q.1 Monetarists claim that   None of the options stabilisation policies do not work. money supply ...

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any ...

Q: graph shows the demand curve for blankets and the market price of a blanket. Next question 90 .... 7...

A: The consumer surplus is the gap between the maximum price consumer wants to pay and actual price con...

Q: 1 Country Cassava Fish Forest Land 10 Sandy Isle 15 10 The above data show the production for two co...

A: The table gives maximum amount of each good that can be produced if all the inputs were allocated to...

Q: Albert Einstein once noted that, "Compounding of interest is one of humanity's greatest inventions"....

A: Formula for quarterly compound interest is as follows, F = P * [ { (1 + r/4)n*4 – 1 } / r/4 ]

Q: We may classify an interest rate, which specifies the actual rate of interest or principal for one y...

A:     A nominal rate is the rate which the lender publishes as it is without taking compounding into t...

Q: GDP does not take into account the underground economy, and offers measures of government production...

A: GDP refers to Gross Domestic Product. It is the sum of the value of all the goods and services produ...

Q: If the current dollar to Peso exchange rate is $1 = 40 Pesos and in the forward market it is $1 = 30...

A: Here, it is given that, the current exchange rate between dollar to pesos is $1=40, and forward exch...

Q: .- (1+)" - 1 %3D PART A.) Find the effective annual interest rate for a credit card that lists an AP...

A: Introduction: The annual percentage rate (APR) is the yearly interest earned by an amount charged to...

Q: y1=100, y2=20 beta=0.5 and i=0% Calculate optimal saving s=______

A: Introduction: The savings rate is a measurement of how much money a person deducts from their dispos...

Q: ill give incorrect ans

A: A place where buyers and sellers meet is called Market. A market allows the buyer and seller to faci...

Q: he Additional Insured—Vendors (HO 07 51) endorsement to a homeowners policy extends the definition o...

A: An additional insured means in a liability policy broadens the inclusion past the named safeguarded ...

Q: “All problems in economics are about scarcity, that is, about how to use given resources for satisfy...

A: "All economic problems are about scarcity, that is, how to use limited resources to achieve competin...

Q: Suppose the following situation Assume the following is the market for a normal good (lets say high ...

A: NORMAL GOOD " ARE THOSE GOODS WHOSE DEMAND INCREASES AS PEOPLES INCOMES AND PURCHASING POWER RISES. ...

Q: Question 22 Which of the following is included in the government purchases category of gross domesti...

A: Answer: The government purchases category of GDP includes the spending of government to purchase goo...

Q: What does it mean by taxing imports and exports in the United States?

A: Imports are products and services that a country's inhabitants buy from outside the country instead ...

Q: Discuss wether all firms in a country will welcome a change in people’s income. MUST use examples, p...

A: The markets are the place where the buyers and sellers of the goods and services tend to interact an...

Q: If the price elasticity of demand is 5.0 then a 10 percent increase in the price results in a decrea...

A: Price elasticity of demand is a measurement of the change in the consumption of a product in relatio...

Q: Mateo spends $20 to have his hair cut at a salon. This expense is included in the category of gross ...

A: The money worth of final products and services produced in a country during a year is known as the G...

Q: We assume that there are two goods that compete with each other, whose demand x1 and x2 depend on th...

A: Price elasticity of demand refers to the percentage change in quantity demanded due to percentage ch...

Q: Edmond Locard created the Theory of Exchange which states: Group of answer choices An aspect of the ...

A: Locard's Exchange Principle, which he developed, is critical for today's law enforcement.  According...

Q: Consider the following graph in which the real wage increases. Which effect is prevailing on leisure...

A: When the real wage rises, then the income effect will increase the number of leisure hours and the s...

Q: 4 goods. Goodds A and B are intermediate goods Goods Cand D are final goods The quantities produced ...

A: Intermediate goods are referred to as those goods that are used by businesses in producing goods or ...

Q: Question 26 To avoid double counting when calculating gross domestic product (GDP), it is best to co...

A:   To avoid the problem of double counting, only value added at each stage of production should be ta...

Q: A series of uniform accounts over an infinite period of time. Depreciation Annuity O Perpetuity Infl...

A: Depreciation refers to the rate of decline of capital stock. Annuity refers to a stream of income fr...

Q: Discuss the importance of monetary base to the overall money supply.

A: Money supply includes all liquidated instruments and currency in form of deposits and cash being use...

Q: The graph shows the demand curve for smartphones and the supply curve of smartphones. Price (dollars...

A: Equilibrium price and quantity of smartphones will occur at a point where demand curve of smartphone...

Q: Question 1: Explain each state. State (a): Two stable steady-states State (b): Fragile economic boom...

A: Answer Given 4 graphs steady state of mon •steady shake In each state-threcol steady states-KL-K-M-K...

Q: Compared to a competitive labor market, wages in a bilateral monopoly, are: Select the correct answe...

A: (Since you have asked many questions, we will solve the first one for you. If you want any specific ...

Q: Eli and Taylor are partners in a restaurant business. They are in talks with Sandra to join their bu...

A: A business where there is a formal agreement between people who tend to distribute responsibilities ...

Q: An investment of P20,000 will be required at the end of the year. The project would terminate at the...

A: Investment Required Initially after year 1 = 20,000 Salvage Value after year 5 = 26000    So , there...

Q: Calculating GDP with the exenditure approach and income approach... O..gives the same result ..can g...

A: GDP measures the market value of final goods and services produced by an economy during a given peri...

Q: Three accuracy problems with the consumer price index (CPI) are O a) price confusion, substitution, ...

A: Substitution bias. Substitution bias occurs because the CPI measures the price changes of a fixed ba...

Q: The following net transaction accounts and cash reserves at the Federal Reserve have been documented...

A: a. The average is calculated by summing up the net transaction and dividing it by the number of days...

Q: Imagine that the government wages a major war on illicit drugs. Assuming that both at the point of i...

A: The answer is - The amount of money recieved by the drug dealers goes down.

Q: Consider the following game:

A: Given,  Two Players  Player 1 and Player 2 Player 1 has two strategies : a and bPlayer 2 hastwo stra...

Q: f. Compute the change in total surplus. If you were an economic advisor to the Mayor whose goal is t...

A: In order to answer parts f through h we need results from part c,d and e. In part c , we see that th...

Q: Determine the net present worth (NPW) of the cash flows given in table below for an investment oppor...

A: Given: MARR=12% Initial Investment=$100K

Q: and the dealer's total revenue will elastic; increase inelastic; increase

A: A snowmobile dealer lowers it's price by 16 percent and the quantity demanded increases by 2 percent...

Q: An Economy is composed of a Producer of Apples, a Producer of Bananas, a Grocery Store, Consumers, a...

A: Total profits = Profits made by Apple producers + Profits made by banana producers + Profits made by...

Q: In a model with no government or foreign sector, if autonomous consumption is c30, investment is 150...

A: MPC is the Marginal propensity to consume which shows the ratio of change in change in consumption t...

Q: What is the expected profit if Jesaki Inc. produces and sells 6,180 widgets? Round to the nearest do...

A: Given  Total cost function: C(x)=210+12x                ... (1) Total revenue function: R(x)= 60x-1....

Q: To study macroeconomics, one needs various models with different assumptions about the flexibility a...

A: Macroeconomics is the branch of economics that deals with issues concerning the economy as a whole.

Q: Consider the following scenario. Aggregate output y at date t is specified as follows, where the tre...

A: Output Equation in the economy - yt = πt - πte + y⏜ Where πt = Actual inflation rate , πte = Expecte...

Q: The graph above represents a bilateral transboundary pollutant and the economics of reaching an agre...

A:

Q: a. The price of a Chevrolet rises. Circle the correct answer and use a graph to illustrate if the ev...

A: The law of demand explains negative relationship between price and quantity demanded of the good. As...

Q: an you ar Suppose that the monthly demand function of a particular commodity is given by P= 200 -0.4...

A: Demand and supply are the two main forces that run the market and decides the equilibrium price.