For each of the following changes in the demand or supply curves in the automobile market below, draw a graph showing the old demand and supply curves as well as the new demand or supply curve (whichever shifts). Also show how the equilibrium price and equilibrium quantity change. Show work on 3 different graphs. With lower trade barriers, foreign automakers export more cars to the U.S. U.S. automobile workers unionize. Due to research and development (R&D), new technologies enable automakers to produce cars much faster.

E1 Graphically illustrate and explain the equilibrium position of the market for locally produced chicken, and the equilibrium position of the market for imported chicken with the tariff on imported chicken in place.

The table shows the hypothetical demand and supply for coffee beans in two countries: Mexico and Armenia. Price ($) per pound of coffee beans Price ($/lb) Mexico quantity demanded (lb) Mexico quantity supplied (lb) Armenia quantity demanded (lb) Armenia quantity supplied (lb) 8 180 500 155 210 7 200 460 180 180 6 250 410 200 160 5 280 360 220 140 4 320 320 240 125 3 350 280 260 115 In autarky, what would the equilibrium price and quantity be in Mexico and Armenia? equilibrium price in Mexico:  $     equilibrium quantity in Mexico:  lb   equilibrium price in Armenia:  $     equilibrium quantity in Armenia:  lb

In the country of Alpha, -shirts are sold domestically in a competitive market, the equilibrium price is $10, and the equilibrium quantity is 100. (a) Draw a correctly labeled demand and supply graph for the domestic -shirt market in Alpha. Plot the numbers on the graph. (b) Assume the world price of -shirts is $6, and Alpha engages in international trade.(i) Will Alpha be an exporter or importer of -shirts? Explain.(ii) On your graph in part (a), indicate the domestic quantity demanded of -shirts at the world price and label it . (iii) On your graph in part (a), indicate the change in the consumer surplus, shaded completely. (c) Suppose the government of Alpha imposes a tariff of $2 on -shirts. On your graph in part (a), indicate the new domestic quantity supplied of -shirts as a result of the tariff and label it .

Graphically explain the effect of the following on the equilibrium:(1) Offer of subsidies(2) Increase in price of factors of production(3) Increase of young population in a destination commonly known for consumption of elderly products(4) Improvement of technology(5) Increase in price of one of a complementary good

If the size of a tariff raises the price of an imported item $20 per unit which in turn reduces the quantity of imports by 10%, what would be the effect on the price of an imported item, if the Government imposed a 10% import quota, which requires imports to fall by 10%

The Scenario : Suppose that the market for good X is small in Malaysia and in Thailand , relative to the world market for good X . Both these markets are currently open to free trade . Suppose also that , relative to the rest of the world , Malaysia has a comparative advantage in producing good X whilst Thailand has a comparative disadvantage in producing good X. Malaysian consider good X a normal good , whereas Thais consider good X an inferior good .   The Question : Using a set of appropriate diagrams ( with demand and supply curves ), show the comparison between the Malaysian and Thai markets for good X (side by side) - when an economic recession hits both Malaysia and Thailand simultaneously. Explain what happens to the price of good X in each country, as well as the quantity demanded, quantity supplied, and the quantity imported/exported. make sure that you include welfare tables and briefly explain the welfare effects on consumers, producers, and society as a whole - for each…

A small country is considering imposing a tariff on imported wine at the rate of $5 per bottle. Economists have estimated the following based on this tariff amount:   World price of wine (free trade):             $20 per bottle Domestic production (free trade):           500,000 bottles Domestic production (after tariff):           600,000 bottles Domestic consumption (free trade):        750,000 bottles Domestic consumption (after tariff):       650,000 bottles   Draw a demand and supply curve for the country’s wine market to show the effects of the tariff. Find the change in consumer surplus, producer surplus, and government revenue resulting from the tariff.

The graph shows the car market in Mexico when Mexico places no restriction on the quantity of cars imported. The world price of a car is​ $10,000.   Suppose the government of Mexico introduces an import quota on imported cars of 4 million a year.   Draw a line that shows the effect of the import quota on supply. Label it S​ + quota. Label it.   Draw a point to show the quantity of cars bought in Mexico and the price paid.     When the government of Mexico introduces an import quota of 4 million​ cars, Mexico imports nothing million cars and produces nothing million cars.