Answer : 10) a) The answer is option E.
When technology save cost of production then the production level increase at existing product price level. As a result, the market supply increase at existing price level which shift out the supply curve. Therefore, option E is correct.
b) The answer is option B.
As property owner has no need to repaint often hence at existing price level the demand for paint decrease. As a result, the demand curve shift in. Therefore, option B is correct.
c) The answer is option D.
As many people need to repaint now hence the demand for paint increase at existing price level. As a result, the demand curve shift out. Therefore, option D is correct.
d) The answer is option F.
Due to close down several paint factories the market supply decrease at existing price level. As a result, the supply curve shift in. Therefore, option F is correct.
e) The answer is option C.
There exists a negative relationship between price and quantity demanded. This means that if price rise then the quantity demanded decrease and vise versa. As here the price of paint increases hence the quantity demanded decreases. Therefore, option C is correct.
f) The answer is option E.
When input cost decrease then the production cost decrease. Hence producers increase their production level. As a result, the market supply increase at existing price level which shift the supply curve to outward. Therefore, option E is correct.
Question 10 6.76 po In an analysis of the market for paint, an economist discovers the...
Please let me know if these are correct QUESTION 1 In a market based economy, if you start at equilibrium and then the demand curve shifts out increases) because of increased income levels, then price will not be affected O decrease increase not enough information QUESTION 2 When quantity supplied is equal to quantity demanded, then an industry (market) is said to be at a surplus a shortage market status O equilibrium
0/0.1 pts Incorrect Question 62 If a small increase in the price of a good reduces quantity demanded to zero, demand is and the price elasticity of demand is equal to perfectly inelastic; zero perfectly elastio, iufiaty unit elastic, one perfectly elastic zero 0.1/0.1 pts Question 63 Question 73 Incorrect 0/0.1 pts If Smith will give up three units of Y to get one additional unit of X, then he has transitive preferences/ his budget constraint is upward slopimg. his...
Question 10 1.67 pts If the interest rate in the loanable funds market is currently below the equilibrium level, then the quantity of funds demanded is the quantity of funds supplied, and we can expect the interest rate to over time. O greater than increase O less than increase O greater than: decrease less than: decrease « Previous Next > Identify the contribution to this year's GDP by entering a numerical value. Do not enter dollar signs or commas. Joe...
THERE ARE 20 total QUESTIONS PLEASE ANSWER ALL OF THEM QUESTION 1 One way to reduce the recessionary gap through fiscal policy is to O increase government purchases. increase taxes. O decrease transfer payments. decrease the MPC QUESTION 2 Which of the following is true of open-market operations? It involves the purchase and sale of government securities by the central bank. O it involves the purchase and sale of stocks and bonds by private banks. It involves measures taken by...
Using supply analysis, explain how is supply applied in the article below about Tesla.? Thank you so much for your help. Factors Affecting Supply (Tesla) The Cost of Production and Cutting Off Unprofitable Vehicle Models In January of 2019, Tesla cut 7% of its workforce to ramp up production of its Model 3 sedans, reducing the price of its products and boosting margins. At the same time, the company discontinued the cheapest versions of its Model S sedans and Model...
QUESTION 10 Consider the monthly data, including the estimates for March 2020, and the information in the articles. Which of the following is the best analysis of and prediction for the money market in the U.S. economy for the next few months? a. Shortages are causing panic buying by households, which has increased money demand. Lenders are increasing their lending to keep up with the needs of households and businesses. Money demand is increasing more than money supply. b. Shortages...
Below are 4 articles. (20 points each) You must fill in the answer sheet for each article. Be sure and explain how the changes should impact Pe and Qe Classify as a change in demand or a change in quantity demanded, a change in supply or a change in quantity supplied. Make sure you fill in the graphs the same way I did in the sample graphs in the sections from my notes for session 3 Use ? (question mark)...
I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this paper and some conclusions and contributes of this paper. I need this for my Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS PLEASE !!!) SPECIAL ARTICLES tole of Monetary Policy C Rangarajan What should be the objectives of monetary policy? Does the objective of price stability conflict with the goal of achieving...
10. Write a one-page summary of the attached paper? INTRODUCTION Many problems can develop in activated sludge operation that adversely affect effluent quality with origins in the engineering, hydraulic and microbiological components of the process. The real "heart" of the activated sludge system is the development and maintenance of a mixed microbial culture (activated sludge) that treats wastewater and which can be managed. One definition of a wastewater treatment plant operator is a "bug farmer", one who controls the aeration...