The Federal Reserve and economists concerned about inflation monitor changes in technology, knowing improvements in technology tend to O increase the quantity supplied as prices decrease. O increase supply and lower prices. O reduce offshoring and increase gainsharing. O decrease demand for technology.
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- Assum e Q8 represents the quantity supplied at a given price and Qd represents the quantity demanded at the same given price. which of the follo,ving market conditions produce a downward movement of the price? a.Qs = 1000, Qd = 750 b.Qs= 750, Qd = 750 c.Qs= 750, Qd = 1,000 d. Qs= 1000, Qd = 1000a. What is a Market Equilibrium? Using the given demand and supply schedule, draw market equilibrium and show the equilibrium price and quantity. supply and demand for pizza price Quantity Quantity demanded supplied(pizza per (pizza per($per pizza) semester) semester) 10 0 408 10 306 20 204 30 102 40 00 125 0 b. How will the market equilibrium of pizza market alter if, i. There is an increase in the pocket money of the students. ii. Price of cheese gets lowered. iii. Price of burgers get is reduced. iv. Use of Electric Oven makes it easy to prepare pizza.IV. Before the pandemic, face masks were only used in certain hospitals handling highly contagious pulmonary diseases such as San Lazaro Hospitals and the ICUs of every hospital. However, studies and other health organizations and agencies talk about it’s effectiveness to prevent people from contracting the virus. Which of the following non-price determinants will affect the demand and in what way? How will it affect the country’s economy?
- 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.Before pandemic, face masks are only used in certain hospitals handling highly contagious pulmonary diseases such as San Lazaro Hospitals and the ICUs of every hospital. However, studies and other health organizations and agencies talk about it’s effectivity to prevent people from contacting the virus. Which of the following non-price determinants will affect the supply and in what way? How will it affect the country’s economy?For each “Market Change” there is a Demand column and a Supply Column. In each of those two columns, you shouldwrite one of these three things: Increase, Decrease, or Neither. (Every market change will have at least one “Neither”.) #5 Market Change Demand Supply #6 Market Change Demand SupplyMinimum wage rises. Recently, the price of pools rose instores.Why? Why?#7 Market Change Demand Supply #8 Market Change Demand SupplyOver the past few years,there have been increasedtariffs on goods madeoverseas. How have theseaffected steel markets?(HINT: A tariff is sometimescalled another name.)You start a coffee shop in theStudent Center at CTC. You noticethat you sell about the sameamount of coffee and muffins.Based on this, you decide toincrease the price of muffins. Howwould this affect coffee?Why? Why?#9 Market Change Demand Supply #10 Market Change Demand SupplyIn May, not long after manyreceived a fiscal stimuluscheck, the Nintendo Switchwas difficult to find in stores.Teleconferencing…
- Skii resorts have an inelastic supply, and motorcycles have an clastic supply. Suppose that a rise in population doubles the demand toboth products (that is, the quantity demanded at each price is twice what it was) a.What happens to the equilibrium price and quantity in each market?b. Which product experiences a larger change in price?c. Which product experiences a larger change in quantity?d. What happens to total consumer spending on cach product?Predict how each of the following economic changes will affect the equilibrium price and quantity in the financial market for home loans. Sketch a demand and supply diagram to support your answers. The number of people at the most common ages for home-buying increases. People gain confidence that the economy is growing and that their jobs are secure. Banks that have made home loans find that a larger number of people than they expected are not repaying these loans. Because of a threat of a war, people become uncertain about their economic future. The overall level of saving, in the economy diminishes. The federal government changes its bank regulations in a way that makes it cheaper and easier for banks to make home loans.llustrate in the below graph the consequences caused by an oversupply (high increase) on supply and a slight decline (small decrease) of demand -What will happen with the price of oil, will increase or decrease? -What about the total quantity of oil production, will increase or decrease? . please make sure the answer is correct 100%
- 1. New advances in recycling technology reduce the cost of producing paper made from recycled material. SELECT THE CORRECT ANSWER a. Which of the following will occur in the market for paper made from recycled material? -supply will decrease -supply will increase -demand will decrease -demand will increase b. Will the advancement in recycling technology result in a shortage or surplus of paper made from recycled material at the previous price? Will the price of paper made from recycled material rise or fall? -surplus, rise -shortage, rise -shortage, fall -surplus, fallA market is described by the following supply and demand curves: QS=2P andQD =300-2Pa. Solve for the equilibrium price(in $) and quantity.b. Two policies have been suggested to the government i) a price floor of $90 or anii)price ceiling of $90. Which policy government can take and why?c. For the adopted policy in b) what will be the price, quantity demand, quantitysupply, shortage, and surplus?In case of excess demand, we should______________? Increase the demand Increase the export Increase the CP IIncrease the import
