Q: What causes the changing of data points in the initial demand curve?
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Q: What is Determinants of supply?
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Q: The graph is in the image What is the relationship between quantity supplied and price? A)Negative…
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Q: explain what is the difference between a “change in supply” and a “change in quantity supplied
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Q: Which of the following is total supply of goods? A. Y B. C+I+G C. C+I D. G=T
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Q: Which of the following is NOT held constant while moving along a supply curve?A) prices of resources…
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Q: What are the determinants of supply? What happens to the supply curve when any of these determinants…
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Q: 12.) Which of the following is NOT a supply shifter? a.) Change in technology b.) Change in the…
A: 12. The answer is - b) Change in the price of complements.
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Q: What is constant in the law of supply? (a) Price of related goods (b) State of technology (c) Cost…
A: Answer: d (All of the above) Explanation: Law of supply: the law of supply states the relationship…
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A: Hello, thank you for the question. Since there are multiple questions asked here, only the first…
Q: Define Supply and Demand theory
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Q: Define Shifts in both demand and supply?
A: A shift during a demand or supply curve occurs when a good's quantity demanded or supplied changes…
Q: Identify and explain three (3) factors that affect the demand curve
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Q: Consider the market for minivans. Indicate the impact if any on demand, supply, price and quantity:…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub- parts for…
Q: Which of the following is NOT a determinant of supply? A. A change in technology. B. Consumer tastes…
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Q: If supply is diminished what happens to the price of goods? What happens to the demand for goods?…
A:
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- In the financial market, what causes a movement along the supply curve? What causes a shift in the supply curve?In the labor market, what causes a movement along the supply curve? What causes a shift in the supply curve?3. use the theory of market( i.e demand and supply ) to expaln what is happening in each of the following scenario
- a. What is the difference between a "change in supply" and a "change in quantity supplied?" Graph your answer. b. For each of the following changes, determine whether there will be a change in quantity supplied or a change in supply. i. a change in input costs ii a change in producer expectations iii. a change in price iv. a change in technology v. a change in the number of sellersthe mobile phone market in europe shows the following characteristics?Production 15.9 MN unitsConsumption 22.8 MN unitsEuropean price 36 EurocentsElasticity of supply 1.5Elasticity of demand -0.3Drive the demand and supply curves in the Mobile marketQ a. The prices of vehicles dropped down in the market. Describe its effect on the supply ofvehicles in the market. Explain it with the help of diagram? Qb. The supply curve is positively sloped. If there is a change in price then what will happen to thequantity supplied? Furthermore if non price factors does not remain constant then how will be thequantity supplied effected?
- d. Suppose there is an increase in consumers' incomes. In the market for automobiles(a normal good), does this event cause an increase in demand or an increase in quantitydemanded? Does this cause an increase in supply or an increase in quantity supplied?(Explain. NB: Explanation must not be more than half a page.)e. Suppose there is an advance in the technology employed to produce automobiles. Inthe market for automobiles, does this event cause an increase in supply or an increasein the quantity supplied? Does this cause an increase in demand or an increase in thequantity demanded? Explain NB: Explanation must not be more than half a page.f. The demand and supply functions for two related commodities A and B in two differentmarkets are defined below:QdA= 410-5PA-2PB QdB= 295-PA-3PBQsA= -60+3PA QsB= -120+2PBi. Find the equilibrium conditions in the two marketsii. How are goods A and B related? Explain your.Why do the prices of new houses in US go so high? Explain with help of supply and demand graph What are the factors that decrease supply of houses? Draw Supply and demand graph and show what happens to the prices and quantity of houses if the prices of raw materials increase? 3. What are your suggestions to the home builders?A recent typhoon hits the Philippines where most of the raw materials are produced. What non-price determinant/s will affect the supply and in what way? How will it affect the country’s economy?
- Need help with Evaluation Evolution Question 3 asks how easily the quantity supplied of salmon can be changed in response to changes in its price. In your answer, write about the short term - if the price of salmon doubled today, for example, could the quantity supplied of salmon double in the next year? What are the constroints on increasing supply? Then consider the long term. What are the constraints on increasing supply and how important are they? Come to an overall condusion about the short term and long term.What is a good or service that has become expensive/cheap due to (a) natural scarcity/abundance of supply or naturally high/low demand, and (b) artificial mean (e.g., government policy, competition restricting practices)?Suppose that we are in a small, local economy that produces three goods. They are: (i) Food, (ii)Gas, and (iii) Housing. The prices for reach of these goods from 2019-2022 are:Good 2019 Price 2019 Quantity 2020 Price 2020 QuantityFood 10 12 14 15Gas 2 2 1.50 1.50Housing 2,000 2,500 2,200 1,800Good 2021 Price 2021 Quantity 2022 Price 2022 QuantityFood 12 15 15 16Gas 3 2 4 2.50Housing 2,300 2,200 2,400 2,3001. Calculate the Nominal GDP for this economy for 2019, 2020, 2021, and 2022. 2. Calculate Real GDP for this economy for 2019, 2020, 2021, and 2022, using the year 2019as the base year. 3. Calculate Real GDP for this economy for 2019, 2020, 2021, and 2022, using the year 2020as the base year. 4. Calculate the Real GDP Deflators for 2021 and 2022 using the Nominal GDPs youcalculated in Q1 and the Real GDPs you calculated in Q3.5. What is the annual inflation rate for 2022 according to the Real GDP Deflators youcalculated in Q4? Now suppose that the Local Government is interested in…