Select a good or service to analyze (not a text example) and answer the following questions:...
Select a good or service to analyze (not a text example) and answer the following questions: What are the drivers of demand (describe their impact on the demand curve)? What are the drivers of supply (describe their impact on the supply curve)? Is the market price for this good or service determined by the invisible hand of the market? If not, how is it determined and why? Has the demand curve for this good or service shifted to the left or right in the last few years? Why? Has the supply curve for this good or service shifted to the left or right in the last few years? Why? Your posts must be substantive and must comment on, question, or challenge your classmates' thoughts.
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Select a good or service to analyze (not a text example) and
answer the following questions:...
1. In a competitive market, the quantity of a product produced and the price of the...
1. In a competitive market, the quantity of a product produced and the price of the product are determined by a. buyers. b. sellers. c. both buyers and sellers. d. None of the above is correct. 2. Which of the following statements is correct? a. Buyers determine supply and sellers determine demand. b. Buyers determine demand and sellers determine supply. c. Buyers determine both demand and supply d. Sellers determine both demand and supply 3. The demand for a good...
choose a particular product or service and do a similar analysis and present the expected outcome....
choose a particular product or service and do a similar analysis and present the expected outcome. Demand side shocks a) Chose a market for a particular good or service. b)Briefly describe the changes or shocks (supply side and demand side). C)Explain which curve shifts to which direction. D)Summarize the expected impact of these changes on the equilibrium price (P*) and quantity (Q*). Then another studentwill respond and comment on the previous student’s answer.Please keep it short.
Your pizza restaurant uses the finest food ingredients to make authentic brick-oven pizzas, and your mozarella...
Your pizza restaurant uses the finest food ingredients to make authentic brick-oven pizzas, and your mozarella cheese is imported from Italy. However, the new tariffs imposed by the US on food products from the European Union have raised the cost of the imported cheese. What impact does this have on your market for brick-oven pizzas? A. Demand curve shifts left B. Supply curve shifts right C. Demand curve shifts right D. Supply curve shifts left Over the past several years,...
Week 3 - Market Equilibrium Please explain the answer to the following true or false questions....
Week 3 - Market Equilibrium Please explain the answer to the following true or false questions. Surplus is the quantity supplied If there is a surplus of a good its price rises, skeds the quartz clem If both demand and supply curves shift rightward then equilibrium quantity increases. quantity demanded equals the quantity supplere Ah increase in demand lowers the equilibrium price in the market. Equilibrium Price is the price at which the If demand increases and supply increases the...
37) Refer to Table 7-4. Which country has an A) Estonia B) Morocco C) both countries...
37) Refer to Table 7-4. Which country has an A) Estonia B) Morocco C) both countries D) neither country advantage in producing 38) Refer to Table 7-6. What is the opportunity cost to produce 1 be in Eston A) 1/3 of a sword B) 3/5 of a sword C) 1.67 swords D) 5 swords 39) Refer to Table 7-6. What is the opportunity cost to produce 1 betin Morocco A) 1/2 of a sword B) 1 sword C) 1.5 swords...
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...
3. Answer the following questions involving the determinants of both demand and supply as explained in...
3. Answer the following questions involving the determinants of both demand and supply as explained in chapter three: L Assume the demand for product X increases. This might be caused by A a change in consumer tastes that is unfavorable to X. B. a decline in the price of Z, provided that X and Z are substitute goods C. a decline in income, provided that X is an inferior good. D. an increase in the price of Y, provided that...
need answer with why thank u 5. Which of the following statements is false of foreign...
need answer with why
thank u
5. Which of the following statements is false of foreign aid? A) Foreign aid is commonly provided to sub-Saharan Africa. B) Foreign aid may not efficient in cradicating poverty because of poverty trap. C) In some instances, foreign aid can be beneficial for dictators. D) The concept of foreign aid was introduced in the twenty-first century. 6. Which of the following is likely to shift the demand curve for carpenters rightward, assuming all else...
Please answer the following questions from your perspective Overall Rauny. HA In Chapter 3, Tyler Cowen...
Please answer the following questions from your
perspective
Overall Rauny. HA In Chapter 3, Tyler Cowen discusses CEO's compensation, not just salaries. He explains why CEOs' compensations have increased significantly over time, why they are paid much more than other workers, and discuss research that CEO's compensations are driven by supply and demand, how much value they create for their company, and how their compensations vary with their company's market value. Here are a few questions to start the conversation:...
I am writing a discussion post that must consist of 500 words. i posted what I...
I am writing a discussion post that must consist of 500 words.
i posted what I have so far as well as the discussion question. The
parenthesis are for citation. I am looking for tips on how to
expand on what i am trying to say and to see if what I already have
makes sense as a response. Any pointers or tips would be
appreciated. This is Macreconomics.
7:28 <Back M2D: Open Discussion M2D: Open Discussion 100 pts Discussion...
1. In a competitive market, the quantity of a product produced and the price of the product are determined by a. buyers. b. sellers. c. both buyers and sellers. d. None of the above is correct. 2. Which of the following statements is correct? a. Buyers determine supply and sellers determine demand. b. Buyers determine demand and sellers determine supply. c. Buyers determine both demand and supply d. Sellers determine both demand and supply 3. The demand for a good...
Week 3 - Market Equilibrium Please explain the answer to the following true or false questions. Surplus is the quantity supplied If there is a surplus of a good its price rises, skeds the quartz clem If both demand and supply curves shift rightward then equilibrium quantity increases. quantity demanded equals the quantity supplere Ah increase in demand lowers the equilibrium price in the market. Equilibrium Price is the price at which the If demand increases and supply increases the...
37) Refer to Table 7-4. Which country has an A) Estonia B) Morocco C) both countries D) neither country advantage in producing 38) Refer to Table 7-6. What is the opportunity cost to produce 1 be in Eston A) 1/3 of a sword B) 3/5 of a sword C) 1.67 swords D) 5 swords 39) Refer to Table 7-6. What is the opportunity cost to produce 1 betin Morocco A) 1/2 of a sword B) 1 sword C) 1.5 swords...
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...
3. Answer the following questions involving the determinants of both demand and supply as explained in chapter three: L Assume the demand for product X increases. This might be caused by A a change in consumer tastes that is unfavorable to X. B. a decline in the price of Z, provided that X and Z are substitute goods C. a decline in income, provided that X is an inferior good. D. an increase in the price of Y, provided that...
need answer with why
thank u
5. Which of the following statements is false of foreign aid? A) Foreign aid is commonly provided to sub-Saharan Africa. B) Foreign aid may not efficient in cradicating poverty because of poverty trap. C) In some instances, foreign aid can be beneficial for dictators. D) The concept of foreign aid was introduced in the twenty-first century. 6. Which of the following is likely to shift the demand curve for carpenters rightward, assuming all else...
Please answer the following questions from your
perspective
Overall Rauny. HA In Chapter 3, Tyler Cowen discusses CEO's compensation, not just salaries. He explains why CEOs' compensations have increased significantly over time, why they are paid much more than other workers, and discuss research that CEO's compensations are driven by supply and demand, how much value they create for their company, and how their compensations vary with their company's market value. Here are a few questions to start the conversation:...
I am writing a discussion post that must consist of 500 words.
i posted what I have so far as well as the discussion question. The
parenthesis are for citation. I am looking for tips on how to
expand on what i am trying to say and to see if what I already have
makes sense as a response. Any pointers or tips would be
appreciated. This is Macreconomics.
7:28 <Back M2D: Open Discussion M2D: Open Discussion 100 pts Discussion...
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