Show the effect of each of the following events on the rice market. Central Luzon suffers a flood. Many people now love to eat pandesal in their breakfast
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Show the effect of each of the following events on the rice market.
- Central Luzon suffers a flood.
- Many people now love to eat pandesal in their breakfast.
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- Show graphically the impact of each of the following events in the oil market. OPEC becomes more effective in limiting the supply of oil. Electric and hybrid cars become subsidized and their prices fall. Show graphically the effect of each of the following events on the rice market. Central Luzon suffers a flood. Many people now love to eat pandesal in their breakfast.[Choose the correct answer] Which diagram illustrates the effects on the peanut butter market, if severe flooding destroys a large portion of the peanut crop in the economy?Suppose you are a peanut farmer, and this year, there is a drought that harms the peanut crop. Working with your group, discuss the likely impact on the peanut market as a result of the drought, including the impact on equilibrium.
- In the market for airline tickets, airline carriers have drastically cut fares for international airline travel resulting in a 3% increase in ticket sales. Meanwhile health considerations have caused an 11% reduction in the demand for international travel. What impact does this have on the demand, supply, price and quantity? Electricity is a major input into the production of aluminum and aluminum is a substitute in supply for steel. In the market for steel, would the effect of an increase in price of electricity have any impact on demand ,supply, price and quantity? ExplainTornado Bulbul hits Bangladesh and affects the crops and fish hatcheries in the coastal areas.What will happen to shrimp production if the hatcheries were affected due to the tornado? How will it affect the equilibrium price and quantity of the local shrimp market?QUESTION TWO With the aid of a diagram, show the effect of the following changes on the equilibrium price, quantity and equilibrium point. Market for tomatoes: Massive flood has destroyed 50% of the tomatoes on the tomato field. Market for coca cola: Price of coca cola has gone up. Market for bread: Consumer’s income has increased and cost of production has increased. Market for housing: increase in the number of marriages and increase in the price of construction materials. Market for beer: Government imposes a sales tax on beer. Market for maize: Increase in the number of maize farmers and increase in consumer taste for maize. Market for Samsung phone: People switch to Huawei. Market for Education: Increase in the price of school fees. Money Market: Increase in the lending rate. Market for DIAPERS: Increase in the number of pregnant women.
- Which of the following describes market supply? a. Demand of One seller in the market b. Demand of all sellers in the market c. Supply of all sellers in the market d. Supply of One seller in the marketIn which of the following statements are the terms"demand," "supply," "quantity demanded," or "quantity supplied" used correctly? a) Changes in demand and supply causes in the equilibrium price. b)If the price rises, supply rises. c) The prices of oranges is cheaper in Florida and therefore the deman is greater in Florida d)When supply exceeds demand the equilibrium price will rise e) all of the aboveMilk is flowing like never before in the U.S., where dairies have expanded output enough to send wholesale prices plunging from an all-time high in September. Production in the 12 months through October reached 17.08 billion pounds a month on average, up 1.8 percent from the same period a year earlier, as farmers took advantage of high milk prices and low livestock-feed costs, government data show. Two years of record corn harvests in the U.S. sent grain prices to a five-year low. Grains are mainly used as feed for cow farmers. Imports of milk to the US has also increased during the period as countries such as New Zealand are also benefiting from good market conditions During this time however, demand for the good has not been able to keep up with the supply. Notably, the current market conditions are not expected to last with impending drought conditions that would impact the harvest of corn and result in an increase in its price. With higher prices for grains some farmers may no…
- Milk is flowing like never before in the U.S., where dairies have expanded output enough to send wholesale prices plunging from an all-time high in September. Production in the 12 months through October reached 17.08 billion pounds a month on average, up 1.8 percent from the same period a year earlier, as farmers took advantage of high milk prices and low livestock-feed costs, government data show. Two years of record corn harvests in the U.S. sent grain prices to a five-year low. Grains are mainly used as feed for cow farmers. Imports of milk to the US has also increased during the period as countries such as New Zealand are also benefiting from good market conditions During this time however, demand for the good has not been able to keep up with the supply. Notably, the current market conditions are not expected to last with impending drought conditions that would impact the harvest of corn and result in an increase in its price. With higher prices for grains some farmers may no…Milk is flowing like never before in the U.S., where dairies have expanded output enough to send wholesale prices plunging from an all-time high in September. Production in the 12 months through October reached 17.08 billion pounds a month on average, up 1.8 percent from the same period a year earlier, as farmers took advantage of high milk prices and low livestock-feed costs, government data show. Two years of record corn harvests in the U.S. sent grain prices to a five-year low. Grains are mainly used as feed for cow farmers. Imports of milk to the US has also increased during the period as countries such as New Zealand are also benefiting from good market conditions During this time however, demand for the good has not been able to keep up with the supply.Notably, the current market conditions are not expected to last with impending drought conditions that would impact the harvest of corn and result in an increase in its price. With higher prices for grains some farmers may no…Milk is flowing like never before in the U.S., where dairies have expanded output enough to send wholesale prices plunging from an all-time high in September. Production in the 12 months through October reached 17.08 billion pounds a month on average, up 1.8 percent from the same period a year earlier, as farmers took advantage of high milk prices and low livestock-feed costs, government data show. Two years of record corn harvests in the U.S. sent grain prices to a five-year low. Grains are mainly used as feed for cow farmers. Imports of milk to the US has also increased during the period as countries such as New Zealand are also benefiting from good market conditions During this time however, demand for the good has not been able to keep up with the supply. Notably, the current market conditions are not expected to last with impending drought conditions that would impact the harvest of corn and result in an increase in its price. With higher prices for grains some farmers may no…
