Question

eGraph the supply and demand curves for tablet devices using the information in the table. What are the equilbrim price and 120 million quantity? 30- In Exhibit 7, If the industry price is $340, is there a shortage or surplus of ablet devices? How much is the shortage or surplus? 31- Suppose that in a later market period, the quantities supplied in the Exhibit S are unchanged. The amount however, has increased by 30 million at each price.Construct the resulting demand curve in the ilustrodion new market price? for question 26. Is this an increase or a decrease in demand? What are the new equilibrium quantity Give two examples of changes in ceteris paribus conditions that might cause such a change. 32-A favorable balance of trade occurs when: a. exports equal imports. b. the balance of payments balances. c. the current and capital account in the BOP are equal. d. the value of the exports of goods exceeds the value of the imports of goods the value of the exports of goods is less than the value of the imports of goods 33- An increase in inflation in the United States relative to the rate in France would make a. U.S. goods relatively less expensive in the United States and in France b. French goods relatively less expensive in the United States and U.S. goods relatively more expensive in France. c. French goods relatively more expensive in the United States and in France. d. French goods relatively more expensive in the United States and U.S. goods relatively less expensive in France. Exhibit 8. Foreign exchange market for U.S. dollars and British pounds 1.00 080 per dolian) 0 20 0 100 200 3 400 500 Quantity of dotars Imilions per day) 34-Exhibit 8 shows a situation in which: a. both the dollar and the pound have depreciated b. both the dollar and the pound have appreciated c. the dollar has depreciated and the pound has appreciated. d. the dollar has appreciated and the pound has deprecianed. 35-Which of the following could cause the dollar-pound exchange rates to change as shown in Exhibit 8? a. American goods become more popular in Great Britain.

Answer 1

Questions 29, 30 and 31 are based on previous tables which are not attached. The answers to question 32, 33 and 34 are as follows:

Answer 32:

Option d. A favorable balance of trade occurs when value of exports of goods exceeds the value of imports of goods. This is because balance of trade is given by the difference between value of exports and value of imports.

Answer 33:

Option B. If inflation rate in the United States is more than the inflation rate in France, then French goods will become relatively less expensive in the United States and U.S. goods relatively more expensive in France.

Answer 34:

Option C. Since the exchange rate in terms of pounds per dollar has fallen, thus, dollar has depreciated and pound has appreciated. Earlier price per dollar was .60 pounds which has fallen to .40 pounds.