Homework Answers
Exceptionally favourable growing conditions in the vineyards lead to a more than normal production of wine which causes an increase in the supply of wine in the market. When the supply increases, the curve shifts to its right and the equilibrium price decreases while the equilibrium quantity increases as shown below.
Ans: d. increase in the supply of wine, decreasing price.
Add Answer to:
2
please
Question 2 Exceptionally favorable growing conditions (better weather) in the vineyards of Napa Valley...
This Question: 1 pt 7 of 25 20 complete This Test: 25 pts Studies have shown...
This Question: 1 pt 7 of 25 20 complete This Test: 25 pts Studies have shown that drinking one glass of red wine per day may help prevent heart disease. Assume this is true, and favorable weather has increased the grape harvest of California wineyards in the market for developments would these two O OA increase demand and decrease supply, resulting in an increase in the tum quality and a decrease in the equilibrium price of red wine r xresse...
macroeconmics please help me out . In the summer of 2000, weather conditions were excellent for...
macroeconmics please help me out .
In the summer of 2000, weather conditions were excellent for commercial salmon fishing off the California coast. Heavy rains meant higher than normal levels of water in the rivers, which helps the salmon to breed. Slightly cooler Ocean temperatures stimulated the growth of plankton, the microscopic organisms at the bottom of the ocean food chain, providing everything in the ocean with a hearty food Supply. The ocean stayed calm during fishing season. so commercial...
21. How would a decrease in the price of barley used to feed cattle affect the...
21. How would a decrease in the price of barley used to feed cattle affect the market for beef? a. The demand for beef would increase, increasing beef prices. b. The demand for beef would decrease, decreasing beef prices. c. The supply of beef would increase, decreasing beef prices. d. The supply of beef would decrease, increasing beef prices.
Which of the following will most likely cause a decrease in short-run aggregate supply (leftward shift) in the goods and services market?
35. Which of the following will most likely cause a decrease in short-run aggregate supply (leftward shift) in the goods and services market? a. An increase in the productivity of labor b. A reduction in the price of crude oil, a major imported commodity c. An increase in resource prices d. Favorable weather conditions in agricultural areas. 36. The vertical long-run aggregate supply curve reflects the fact that in the long run, an increase in the price level. a. Will not alter the economy's maximum...
D Question 32 2 pts Wine and cheese are complement goods because they are consumed together....
D Question 32 2 pts Wine and cheese are complement goods because they are consumed together. What would we pect to happen to the equilibrium quantity of cheeseif the price of wine increased and allese is d constant? O It would increase because of a supply shift it would decrease because of a demand shitt O It would stay the same because of both a demand and a supply shift. O it would increase because of a demand shift. D...
Question 1. All of the following factors will affect the supply of shoes except one. Which...
Question 1. All of the following factors will affect the supply of shoes except one. Which will not affect the supply of shoes? Select one: a. Higher prices for leather. b. An increase in consumer income c. Higher wages for shoe factory workers. d. A technological improvement that reduces waste of leather and other raw materials in shoe production. Question 2. An equilibrium price does all but which of the following? Select one: a. Equates quantity supplied with quantity demanded....
please list the correct answer and why? Thank you Good weather and heavy winter rain increases...
please list the correct answer and why?
Thank you
Good weather and heavy winter rain increases the supply of agricultural products. This means that at any given price, a higher quantity will be supplied. Conversely, a drought would shift the Select one: a. demand curve to the left. b. demand curve to the right. C. supply curve to the left. d. supply curve to the right In a market with an upward sloping supply curve and a downward sloping demand...
Question 2 (1 point) A decrease in supply shifts the supply curve to the left. True...
Question 2 (1 point) A decrease in supply shifts the supply curve to the left. True False Question 4 (1 point) The equilibrium price is the same as the market-clearing price. True False Question 5 (1 point) When the market price is above the equilibrium price, the quantity of the good demanded exceeds the quantity supplied. True False Question 6 (1 point) Which of the following events must cause equilibrium price to fall? a) demand increases and supply decreases b)...
For some reason, the expectations for future inflation increases dramatically. what effect would this have on...
For some reason, the expectations for future inflation increases
dramatically. what effect would this have on the loanable funds
market?
A. The demand for loanable funds would increase thus increasing
the interest rate level.
B, The demand for loanable funds would decrease thus increasing
the interest rate level.
C. The Supply for loanable funds would increase thus increasing
the interest rate level.
D. The Supply for loanable funds would decrease thus decreasing
the interest rate level.
2. For some reason,...
need them in the next 15 min! For Questions 1-6 refer to below statement and demand...
need them in the next 15 min!
For Questions 1-6 refer to below statement and demand and supply function that demand and supply curves for avocado in Brooklyn are as the fol Qd = 72 - 12P Qs = -18 + 6P where Qd and Qs are quantities demanded and supplied in tons respo dollars per kg? aded and supplied in tons respectively, and P is the price of avocado in ' 9pm 1) If price elasticity of demand for...
This Question: 1 pt 7 of 25 20 complete This Test: 25 pts Studies have shown that drinking one glass of red wine per day may help prevent heart disease. Assume this is true, and favorable weather has increased the grape harvest of California wineyards in the market for developments would these two O OA increase demand and decrease supply, resulting in an increase in the tum quality and a decrease in the equilibrium price of red wine r xresse...
macroeconmics please help me out .
In the summer of 2000, weather conditions were excellent for commercial salmon fishing off the California coast. Heavy rains meant higher than normal levels of water in the rivers, which helps the salmon to breed. Slightly cooler Ocean temperatures stimulated the growth of plankton, the microscopic organisms at the bottom of the ocean food chain, providing everything in the ocean with a hearty food Supply. The ocean stayed calm during fishing season. so commercial...
D Question 32 2 pts Wine and cheese are complement goods because they are consumed together. What would we pect to happen to the equilibrium quantity of cheeseif the price of wine increased and allese is d constant? O It would increase because of a supply shift it would decrease because of a demand shitt O It would stay the same because of both a demand and a supply shift. O it would increase because of a demand shift. D...
please list the correct answer and why?
Thank you
Good weather and heavy winter rain increases the supply of agricultural products. This means that at any given price, a higher quantity will be supplied. Conversely, a drought would shift the Select one: a. demand curve to the left. b. demand curve to the right. C. supply curve to the left. d. supply curve to the right In a market with an upward sloping supply curve and a downward sloping demand...
Question 2 (1 point) A decrease in supply shifts the supply curve to the left. True False Question 4 (1 point) The equilibrium price is the same as the market-clearing price. True False Question 5 (1 point) When the market price is above the equilibrium price, the quantity of the good demanded exceeds the quantity supplied. True False Question 6 (1 point) Which of the following events must cause equilibrium price to fall? a) demand increases and supply decreases b)...
For some reason, the expectations for future inflation increases
dramatically. what effect would this have on the loanable funds
market?
A. The demand for loanable funds would increase thus increasing
the interest rate level.
B, The demand for loanable funds would decrease thus increasing
the interest rate level.
C. The Supply for loanable funds would increase thus increasing
the interest rate level.
D. The Supply for loanable funds would decrease thus decreasing
the interest rate level.
2. For some reason,...
need them in the next 15 min!
For Questions 1-6 refer to below statement and demand and supply function that demand and supply curves for avocado in Brooklyn are as the fol Qd = 72 - 12P Qs = -18 + 6P where Qd and Qs are quantities demanded and supplied in tons respo dollars per kg? aded and supplied in tons respectively, and P is the price of avocado in ' 9pm 1) If price elasticity of demand for...
Most questions answered within 3 hours.
-
In the United States, laws mandating that companies be
responsible for take back of electronic wastes...
asked 10 minutes ago -
URGENT PLEASE HELP. could you make it easy to understand and in
C++ thanks
1. (30...
asked 17 minutes ago -
Case Study. Multi Projects
Multi Projects, Inc., is a well-established consulting firm
with 400 employees. It...
asked 22 minutes ago -
An 8.00 kg point mass and a 15.0 kg point mass are held in place
50.0...
asked 23 minutes ago -
What would cause my program to execute the first if statement no
problem, but the second...
asked 24 minutes ago -
The Department of Transportation (DOT) would like to test the
hypothesis that the average age of...
asked 38 minutes ago -
Suppose Hoosiers, a specialty clothing store, rents space at a
local mall for one year, paying...
asked 40 minutes ago -
2. Your client from number 1 above is absolutely ecstatic about
the verdict in the immunization...
asked 36 minutes ago -
Some
critics of marketing have suggested that market segmentation and
target marketing lead to an unnecessary...
asked 40 minutes ago -
PART A: An electric current flows through a resistor. Which side
will have the higher electric...
asked 44 minutes ago -
An ideal heat engine has an efficiency of 18.9 percent. It
operates between two heat reservoirs...
asked 45 minutes ago -
3.11 (Modified Account Class) Modify class Account (Fig. 3.8 )
to
provide a method called withdraw...
asked 1 hour ago