What is one consumer food or service for which in the last 10 to 15 years consumers preference has actually increased, and still, the price has decreased. Based on all the supply and demand determinants, what is a possible reason that could cause the decrease in the price of the suggested good.

Q: When a Canadian company exports the furniture they make to the U.S., who loses? Select an answer and...

A: Correct Answer: Option (b) Canadian Consumers. This is because when all the furniture is exported to...

Q: An asset was purchased for 100000 and retired at the end of 15 years with a salvage value of 4,000. ...

A: In the question above it is given that : Cost of an Asset = 100,000 Time period = 15 years Salvage ...

Q: A production possibilities curve can shift inward if there is a. an increase in productivity b. an ...

A: We discuss here what happens in each of the scenario. a. an increase in productivity: In this case w...

Q: 2. Explain whether the following statement is true or false. "Governance is exercised only by the go...

A: Structures and processes aimed to provide accountability, transparency, responsiveness, rule of law,...

Q: he city engineer estimated that a total of Php 500,000 will be deposited at the end of next year int...

A: Given  First-year end deposit amount =Php 500,000 Deposited amount to the end of two years =500,000+...

Q: Pope Francis argues that we must reject what he calls and economy of "exclusion and inequality." Wha...

A: Quantity of capital is influenced by the amount of investment. Capital goods depreciate and therefor...

Q: The primary difference between a change in demand and a change in the quantity demanded is a change ...

A: Demand law shows inverse relationship between price and quantity demanded keeping other factors cons...

Q: Classify each of the statements as an example of positive or normative analysis.. The sugar quota in...

A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question...

Q: Northeastern plans to upgrade the projectors in all classrooms; so they assigned Mary to be the Proj...

A: Answer-

Q: lease manually solve each and show equations used Thank You A certain manufacturing plant is being ...

A: Engineering economics, formerly known as engineering economy, is a branch of economics concerned wit...

Q: A man secured a P 7,164 loan at 6 % interest rate. Find the annual amortization to extinguish it in ...

A: An amortising loan is one in which the principal of the loan is paid down over the course of the loa...

Q: Given the cash flow table below, determine the unknown value "X" for an interest rate of 6%. Year 2 ...

A: Given: interest rate=6% To find: Value of X

Q: A(n). is a way that individual firms are interconnected O microeconomy O industry O market structure...

A: In economics, firm refers to any company which seeks make profit by producing or selling various goo...

Q: Find the equilibrium price and equilibrium quantity and graph it Qd = 30-4P Qs = 10+6P

A: Given:- Qd=30-4P Qs=10+6P To calculate:- Equilibrium price and quantity=? Please find the images att...

Q: The demand for Hawaiian vacations is inelastic. Are the following statements true or false? A. If m...

A: Elasticity of demand is used in Economics to calculate the change in the quantity demanded of any go...

Q: its of good A was produced in the country and its price was taka 10 per unit. Similarly, 6 units of ...

A:

Q: draw a general demand curve and label it D. Then shift the curve to the left or the right depending ...

A: The demand curve shows the association between the amounts of commodity demanded by the consumer at ...

Q: Which of the following, if true, would illustrate why price indexes such as the CSPI might overstate...

A: A price index, which is made up of a series of numbers arranged in such a way that comparing the val...

Q: Using the table in Question 6, what was Fruitland's nominal GDP in year 2? Answer:

A: The economics as a study is basically based upon the idea of scarcity, or the limit to amount of res...

Q: Determine if the following statement is normative or positive: Americans should have access to food,...

A: Positive economics is a stream of economics focused on identifying, quantifying, and explaining econ...

Q: Your firm has determined they use the following production function: q = E°K Assume the current wage...

A:

Q: Which of the graph/s below show/s a rise in the price of fish? Fish (pounds per year) Fish (pounds p...

A: Chicken and Fish are substitutes. If the price of chicken increases, the demand for fish will increa...

Q: Classify each of the statements as an example of positive or normative analysis.. The sugar quota in...

A: The sugar quota in the United States costs consumers $6.08 billion a year. Correct Answer: Positive ...

Q: 340 425 6 540 On the following graph, plot Douglas Fur's average total cost (ATC) curve using the gr...

A: ** SOLUTION :-  Based on the given information the answer is provided as below.  

Q: The price elasticity of demand for a popular sporting event is 0.4. If the price of a ticket to this...

A: Price elasticity of demand=% change in quantity demanded%change in price0.4=% change in quantity dem...

Q: Could the marginal rate of substitution be 5 at point C? Justify your answer

A: Optimal choice - It is the best combination of goods which will lead to the best satisfaction of the...

Q: The single largest expenditure component in GDP is      A) investment. B) consumption. C) exports. ...

A: Gross domestic product (GDP) has four primary components to explain the total output generated withi...

Q: When considering where to go to lunch, you think back to your past experiences at different restaura...

A: Business is the activities if selling and buying the goods and services in order to make profit . to...

Q: Decide if it is an increase (right shift) or a decrease (left shift) and write that next to the ques...

A: There are two concepts that need to be taken into consideration first is the shift of the supply cur...

Q: struct a pipeline from a major lake some distance away. Construction would start at the beginning of...

A:

Q: In Michael Porter's Diaond Model of National Advantage, having the most competitive investment banks...

A: The Michael Porter's Diamond Model is the model ot approach to understand the competitive advantage ...

Q: Čalculate the missing values in the table below by using the provided data collected in the househol...

A: Here we calculate the following missing terms by using the given information and fill the blanks , s...

Q: Y=F(K,L) K=R L=L Y=C+I+G C = Co+ C1( Y – T) – C2r I = Io – 11r G=G T=T 'n that in addition to a drop...

A: According to the question,   Y= F(K,L), where K = K' & L = L' , implying K capital and Labour L ...

Q: A manufacturing company leases a building for $100,000 per year for its manufacturing facilities. In...

A: here we calculate the following terms by using the given information , and conclude the answer , so ...

Q: Use the timeline to calculate the value of the annuities i=7%. 6 5 4 3 (1) - (3) 3 4 lo (1) .value a...

A:

Q: Briefly explain how firms compete/set price under the Oligopoly market structure.

A: Oligopoly is a form of market organization in which there are few sellers of a homogenous or differe...

Q: Create a butterfly. Select options suitable for a long butterfly strategy using options that expire ...

A: In Long butterfly strategy calls are made through put ie one call is bought at low price and another...

Q: Consider the production function of widget: Q= 23K"^L°.8, where Q is units of output per month, K is...

A: Given; Production Function; Q=23K0.4L0.8 where; Q= Output per unit K= Hours of capital L= Hours of l...

Q: What are some markets (goods or services) where an equilibrium might not be the most desirable point...

A: LAW OF MARKET EQUILIBRIUM of free market:- Free market if is out of equilibrium, tends toward equili...

Q: Reasons for supply curves being positively sloped include: A) typically, as output rises, unit cost...

A: Supply refers to the quantity of the good which the producers are willing to produce an offer for sa...

Q: Price D1 D 2 S 1 S 2 $16 12 17 30 $14 10 15 15 27 $12 13 18 13 24 $10 15 21 11 21 $8 18 24 18 $6 20 ...

A: Price D1 S1 $16 7 17 $14 10 15 $12 13 13 $10 15 11 $8 18 9 $6 20 7 In economics, mark...

Q: Which methods would you use to attract applicants to the international call centre in the United Kin...

A: There are various methods used to attract the applicants to the international call center in the Uni...

Q: hich of the following is occurring in the market when an excess quantity of a good is supplied at th...

A: Equilibrium is achieved at the output level where Qs equals Qd. 

Q: Consider the bl owing information for a closed economy. Consumption 400 +0.6(Y-T) Таxes 500 Investme...

A: Answer: Tax multiplier: it refers to the ratio of change in income to the change in taxes. In other ...

Q: COVID-19 has impacted the global economy, spreading across nations with alarming speed, infecting mi...

A: Economic recoveries are measures taken by governments to reallocate resources to aid a sector or an ...

Q: The demand curve is also the ... O A. total benefit curve. B. total cost curve. C. marginal deadweig...

A: The quantity of an item that consumers are willing and able to acquire at various prices during a ce...

Q: If a pizza maker pays $1 for tomatoes, $1 for cheese, $2 for pepperoni and sells the pizza made with...

A: Gross Domestic Product is the final value of all goods and services produced in the economy during a...

Q: What is the marginal rate of substitution at point A? Interpret this value.

A: Formula used: MRSXY = dYdX = MUxMUy  

Q: You would like to control the total consumption of soft drink up to 100 bottles per year. The curren...

A: Answer -

Q: How is the market demand curve determined? O by subtracting the individual demands curves from the s...

A: Demand is referred to as the amount of goods and services that a consumer is willing and able to pur...