Suppose the national institutes of health publishes a study finding that coffee drinking reduces the probability of getting colon cancer 1. How do you image this will affect the market of coffee? 2. Why 3, Which determinant of demand or supply is being affected? 4. How will the change of the equilibrium price and quantity of coffee? Explain your reasoning

Q: As part of an international trade agreement, the Oman government reduces the tax on imported coffee.…

A: Hello. Since your question has multiple parts, we will solve the first question for you. If you want…

Q: d. Suppose there is an increase in consumers' incomes. In the market for automobiles (a normal…

A: d.Given there is an increase in consumers incomes. In the market of an automobiles (normal good).…

Q: Plot the supply curve from the supply schedule information provided . Price.…

A: Hey, thank you for the question, since there is multiple question posted, according to our policy we…

Q: The supply curve of some good is vertical. What will be the effects of a fall in demand for it?…

A: Supply curve represent the positive relationship between the existing price of a commodity and it's…

Q: You are given a task for analysis the market for Sport Bike. You found that when the market price of…

A: The following information is given about the market: Price Quantity Demanded Quantity Supplied…

Q: a) Draw the lines of supply and demand curves in a graph b) Show the equilibrium point in the graph…

A: Hi! thanks for the question but as per the guidelines, we answer up to 3 subparts at one time.…

Q: 10. A possible explanation for a change in demand from D1 to D2 is a) an increase in the number of…

A: D1 and D2 here are the demand curves Which shows how the law of demand works. As with a rise in the…

Q: What if there is no demand but a need? For example, can we have no demand for a vaccine because we…

A: The consumers demand a particular good when they derive some satisfaction from consuming the…

Q: Suppose that scientists find evidence that proves tattoos improve the body’s immune system. What…

A: Option C If tattoos improve body's immune system, more and more people would want to have tattoos.…

Q: If the consumer income is OR 656, price of good (X) is OR 56.6 and the price of good (Y) is OR 40,…

A: (Q) If the consumer income is OR 656, the price of the good (X) is OR 56.6 and the price of the good…

Q: 4. Consider the market for minivans in Naperville, IL. For each of the events listed below: -…

A: When there is a change in the price of a product, the quantity demanded/quantity supplied changes…

Q: (Figure: Shifts in Demand and Supply IV) Use Figure: Shifts in Demand and Supply IV. The figure…

A: Demand refers to the total value of goods and services that are demanded at a particular price in a…

Q: Suppose we are analyzing the market for hot chocolate. Graphically illustrate the impact each of the…

A: The law of demand states that "there exists an inverse relationship between price and quantity…

Q: Among other things, the Affordable Care Act in America has expanded the number of individuals with…

A: * Demand Side: As the Affordable Care Act in America has expanded the number of individuals with…

Q: What is Microeconomics? What is the price elasticity of demand? What are the various methods of…

A: Economics is a study that has a broader scope and includes all the factors that affect the economic/…

Q: What happen if Demand of petrol is higher than Supply. Make answer in 1 paragraph

A: Equilibrium refers to a situation of rest where the market forces coincide which each other and…

Q: Consider the market for lattes What would happen to the equilibrium price and quantity of lattes if…

A: The answer is - The equilibrium price would decrease, and the equilibrium quantity would increase.

Q: The demand for diamond by richer class will go up even if there is an increase in the price of…

A: Diamond is a gemstone that is generally used in making jewellery. The demand for a diamond is high…

Q: A warm, dry summer means that the English pear harvest is exceptionally good. At the same time, a…

A: ANSWER STEP-1 ANS:- (B) Demand curve shifts right, supply curve shifts right, and quantity…

Q: Suppose we are analyzing the market for hot chocolate. Graphically illustrate the impact each of the…

A: A market is a collection of buyers and sellers. Demand and supply are two market forces that…

Q: 1.1 With the aid of a fully labelled diagram, explain what would happen in the market for homemade…

A: The demand curve depicts the inverse relationship between two components that are price and quantity…

Q: With the 5 forces of demand, it states that if the price of a substitute increases, demand will…

A: The demand shows the relation between the quantity demanded and price. When the price level goes up,…

Q: Use the following information. The graph below represents the market for coffee. Suppose S2 and D2…

A: Initially, the market is in equilibrium at point A where D2 and S2 intersect each other. the reason…

Q: In the following scenarios, you will be given a product and an event. Determine what will happen to…

A: Note:- “Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: In the following scenarios, you will be given a product and an event. Determine what will happen to…

A: The demand for any product is based on several factors called determinants of demand. Thus, demand…

Q: Imagine a minivan market. For each scenario below, explain what determinants of demand and supply…

A: This question relates to the topic of substitute goods in the demand analysis in microeconomics

Q: Give eight (8) factors affecting supply? And give at least two (2) kinds of supply.

A: The concept of supply is indicating the total amount of goods and services available for…

Q: What are the example of the following: 1. Increase in Demand 2. Increase in quantity demand…

A: 1)Increase in demand: It is a situation when demand for a commodity changes due to change in factors…

Q: 2: The Ministry of health publishes a study finding that coffee drinking reduces the probability of…

A: Answer: Introduction: Due to the finding that coffee drinking reduces the probability of getting…

Q: 1. Equilibrium take an example 2. surplus  take an example 3. shortage take an example 4.…

A: Since you have asked multiple questions, we'll solve the first three questions for you. If you want…

Q: We often find that for major sporting events (playoffs, Super Bowl, etc.) the quantity of tickets…

A: Consumer surplus refers to the difference between the price that represents the maximum willingness…

Q: Consider a market for Ice Cream an inferior good in Pakistan. For each of the given events, identify…

A: A market for ice cream as an inferior good in Pakistan is given.

Q: Show in a diagram the effect on the demand curve, the supply curve, the equilibrium price, and the…

A: When the demand increases the demand curve shifts towards right and when demand decreases, the…

Q: Plot the demand curve from the demand   schedule information provided.   Price…

A: Hi, thanks for the question. As per the guidelines we are allowed to attempt the first three…

Q: Before pandemic, face masks are only used in certain hospitals handling highly contagious pulmonary…

A: Non-price determinants will affect the supply and in what way Natural  elements = Wearing face masks…

Q: QUESTION 39 Which of the following graphs best describes the expected changes in the market for…

A: Graph B shows the situation aptly.

Q: What is physical induced demand. What factors cause it and how is it determined. Can it effect price…

A: Physical induced demand occurs when firms advertise for a produ t to a greater extent.

Q: A possible explanation for a change in demand from D2 to D1 is     a) a decrease in consumers'…

A: From D2 to D1 the demand curve shifts leftward.

Q: Consider the market for cars. Car producers expect the price of cars to increase next month. What…

A: Any change in the price of a good or service will always lead to the change in the quantity supplied…

Q: a) Explain the effect of the increase of Coffee prices on the equilibrium price and equilibrium…

A: Since you posted a question with multiple sub-parts, we will solve the first three sub-parts for…

Q: Before the pandemic, face masks were only used in certain hospitals handling highly contagious…

A: Non-price Determinants of Demand allude to variables other than the current price that might…

Q: On the same graph paper, draw the Demand Curve for the Demand Schedule below, after Reiko's doctor…

A: New Demand Curve and Demand Schedule for apple juice after Raiko's doctor advice(as per given…

Q: If the consumer income is OR 568, price of good (X) is OR 81.3 and the price of good (Y) is OR 33.7,…

A: As Given Consumer Income = OR 568 Price of good X = OR 81.3 Price of good Y = OR 33.7

Q: Suppose a health report links the eating of tortilla chips to cancer. Draw supply and demand…

A: Answer: If the health report links the eating of tortilla chips (assuming tortilla chips cause…

Q: Demand curve is: a. a table that shows the relationship between the price of a good and the quantity…

A: The demand curve is defined as the relationship between the market price and the quantity demanded…

Q: Identify which side of the market for new automobiles is affected (demand or supply), how is it…

A: f.) Consumers expect car prices to rise: When the consumer expects car prices to increase, then the…