Identify and explain any two factors causing an increase in supply. Support your answer with the...
Identify and explain any two factors causing an increase in supply. Support your answer with the use of a diagram. Label your diagram with appropriate variables on X axis and Y axis. Identify and explain the factor affecting quantity supplied.
Homework Answers
The two main factor that can cause increase in supply are-
1.Increase in the technology which will cause rightward shift Movement in the supply curve and .
2 Increase in the subsidy by the government .
They both will cause a rightward shift in the supply curve.
Add Answer to:
Identify and explain any two factors causing an increase in
supply. Support your answer with the...
Identify and explain any two factors causing an increase in supply. Support your answer with the...
Identify and explain any two factors causing an increase in supply. Support your answer with the use of a diagram. Label your diagram with appropriate variables on X axis and Y axis. Identify and explain the factor affecting quantity supplied.
In a certain market, the supply of the product increased. You are required to explain any...
In a certain market, the supply of the product increased. You are required to explain any three factors using an appropriate diagram direction of the supply, the factors and the effect of the increase in supply on price and quantity
Part I: Law of Supply. In Microeconomics, the “Law of Supply” says that, if all else...
Part I: Law of Supply. In Microeconomics, the “Law of Supply” says that, if all else remains equal, an increase in price will result in an increase in the quantity supplied. Consider the price and demand data presented below: x = price y = Quantity Supplied $3.00 209 $4.00 259 $4.25 542 $4.75 346 $5.00 379 $5.00 360 $6.50 781 $6.75 672 $8.00 873 $8.00 900 $9.50 969 $10.00 927 Use software to find the correlation coefficient between the two...
During the Christmas holiday season, the price of Christmas trees increases and the quantity demanded for...
During the Christmas holiday season, the price of Christmas trees increases and the quantity demanded for trees also increases. Does it reflect change in quantity demanded or change in demand? Support your answer with the use of a diagram. Label your diagram with appropriate variables on X axis and Y axis.
During the Christmas holiday season, the price of Christmas trees increases and the quantity demanded for...
During the Christmas holiday season, the price of Christmas trees increases and the quantity demanded for trees also increases. Does it reflect change in quantity demanded or change in demand? Support your answer with the use of a diagram. Label your diagram with appropriate variables on X axis and Y axis.
1) Must be stapled. I will not accept any loose sheets 1) Identify non-price factors that...
1) Must be stapled. I will not accept any loose sheets 1) Identify non-price factors that would cause the demand curve to move right or left. 2) Next, draw (individual graphs) indicating how each of the following non-price factors would cause the change in demand curve (shift right, shift left), price (P) and quantity (Q). You need to draw a market equilibrium curve (i.e. both the demand and supply) for each of the following before you can shift the demand...
Explain the difference between change in demand and increase in demand. Use two factors each as...
Explain the difference between change in demand and increase in demand. Use two factors each as well as appropriate diagrams to support your explanations
Chapter 14. Question 2. For example, an increase in the money supply, a (real or nominal?)...
Chapter 14. Question 2.
For example, an increase in the money supply, a (real or
nominal?) variable, will cause the price level, a
(nominal or real?) variable, to increase but will
have no long-run effect on the quantity of goods and services the
economy can produce, a (nominal or real?)
variable. The separation of real variables and nominal variables is
known as (the classical dichotomy, price neutrality, or the
quantity theory?).
The horizontal axis of the model of aggregate demand...
5: SUPPLY-Ecobits Name: Pd. Date: Answer the questions below to learn more about demand schedules and...
5: SUPPLY-Ecobits Name: Pd. Date: Answer the questions below to learn more about demand schedules and demand curves. 1. Use the data in the schedule below to plot a supply curve for ecobits. Label the curve SC1. Also, correctly label the axes of the graph. Supply Schedule for Ecobits Price per ecobit 5€ 10¢ 15€ 20€ 25€ 30€ 35€40€ Quantity demanded 100 150 200 250 300 350 400 450 in thousands) Supply Curve for Ecobits 2 a. Use the supply...
Consider any two factors (determinants) that cause the supply curve to shift for the company you...
Consider any two factors (determinants) that cause the supply curve to shift for the company you work or one you have worked for in the past. Then, explain what these two factors are, what caused these two factors to change, and how your firm dealt with these changes. Did the changes have the expected or predicted effects on price (P) and quantity (Q)?
1) Must be stapled. I will not accept any loose sheets 1) Identify non-price factors that would cause the demand curve to move right or left. 2) Next, draw (individual graphs) indicating how each of the following non-price factors would cause the change in demand curve (shift right, shift left), price (P) and quantity (Q). You need to draw a market equilibrium curve (i.e. both the demand and supply) for each of the following before you can shift the demand...
Chapter 14. Question 2.
For example, an increase in the money supply, a (real or
nominal?) variable, will cause the price level, a
(nominal or real?) variable, to increase but will
have no long-run effect on the quantity of goods and services the
economy can produce, a (nominal or real?)
variable. The separation of real variables and nominal variables is
known as (the classical dichotomy, price neutrality, or the
quantity theory?).
The horizontal axis of the model of aggregate demand...
5: SUPPLY-Ecobits Name: Pd. Date: Answer the questions below to learn more about demand schedules and demand curves. 1. Use the data in the schedule below to plot a supply curve for ecobits. Label the curve SC1. Also, correctly label the axes of the graph. Supply Schedule for Ecobits Price per ecobit 5€ 10¢ 15€ 20€ 25€ 30€ 35€40€ Quantity demanded 100 150 200 250 300 350 400 450 in thousands) Supply Curve for Ecobits 2 a. Use the supply...
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