se Graph B) A move from point H to point E could be caused by Graph B E G 3) F 4 1) a decrease in the price. 2) an increase in the minimum wage. an increase in the demand. C 4) positive expectations. H
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- Shortages normally accompany an effective price floor. True FalseExplain the statement. Whether true or false. Consumer future expectations plays an significant role in determining the price of a good or service.The generalized demand for Pepsi is Qd = 200- 20p + 5m +2pr and m=50 and pr=15. If the Qs = -40 + 80p, what is the equilibrium price? Enter your price with 2 decimal places and no dollar sign.
- A feature of goods and service markets is that they consider the different prices and quantities that will be demanded (consumers) or supplied (producers). Centrally planned economies (like the former USSR) did not have a price mechanism; instead, they used fictitious “shadow prices.” Begin by carefully explaining the role of supply, demand, and equilibrium for a commodity in real market situations. Explain what the equilibrium price and quantity mean? Why a lack of market derived price distorts the economy and makes it less efficient. Consider impact of price misalignment in terms of social surplus and economic deadweightHolding everything else constant, if the cost of production( a supply-side factor) decreases, then the price will a) increase b) decrease c) remain the same d) (unknown; not enough information to specify among these options)Explain what factors might have caused investor asset demand for real estate to grow in Question 2.8. Question 8 Suppose investor demand for real estate assets grows in the sense that prevailing cap rates (OARs) in the property asset market fall from 10% to 8%. Assuming usage demand remains constant in the space market, show on a four-quadrant diagram, similar to Exhibit 2-4b, the short- and long-run effects of this change in investor demand. [Hint: You can answer qualitatively or recognize that specific quantitative answers will depend on the shapes and slopes of the curves (i.e., the elasticities) in each quadrant.]
- Expectations of higher future prices cause firms to lower prices today to sell their product before prices rise? True or falseWe can expect that government price floors will eventually lead toa.market disequilibrium.b.surpluses.c.higher prices.d.underground markets.e.all of the above.The new home market tends to be highly cyclical. Prices and home sales depend on the broader economy, including interest rates and personal income, among many other factors. Determine the affect of each of the following on the market for new homes including new home sales and the price of new homes. While you do not need to turn in a supply and demand diagram, you may wish to still draw one to assist you in answering the following questions. There is a shortage of copper pipes and wiring. Select one: a.Quantity increases and price increases b.Quantity increases and price decreases c.Quantity decreases and price increases d.Quantity decreases and price decreases
- Which of the following statements are false? A. The absolute price of a hood is the dollar or money price of the good. B. Firms may not adjust their prices immediately because they may be unable to figure out whether a decline in demand is temporary or permanent. C. Some prices in an economy, adjust faster than other prices. D. Aggregate demand curves slope downward.In case of a surplus to attain re equilibrium: Select one: a) securities should be bought from the market b) interest rates should increased c) securities should be sold in the market d) The currency must be immediately devalued e) The currency must be immediately revaluedn a perfectly competitive market, aggregate demand is given by Qd = 148 − 3Y, where as aggregate supply is given by Qs= −22 + 2Y , where QD, QS and P denote quantity demanded, quantity supplied and price, respectively. What can be said about the market outcome when price is 38? A. The government will impose a sales tax B. All sellers are making losses C. The market is in equilibrium D. There is a shortage of the product E. There is a surplus of the product