Homework Answers
a) "A"
Lower cost of the motherboard and chips will reduce the price of manufacturing and that will shift the supply curve to the right.
b) "B"
Fall, as the cost of production will also fall.
c) "A"
A decrease in the demand for strawberry will decrease both the price and quantity.
d) "C"
More of a product can be sold at the given price.
Add Answer to:
Class Period HOMEWORK SET 4A MARKETS IN ACTION * Question 1 refers to the Idllowing diagram,...
HOMEWORK SET 4A MARKETS IN ACTION 1 Question 1 refers to the following diagram, which shows...
HOMEWORK SET 4A MARKETS IN ACTION 1 Question 1 refers to the following diagram, which shows the market for computers. 3 Price par computer (thousands oldaten ar 0 10 40 20 30 Quantity of computera Pundydis per wohl 1. Which of the following changes could cause the computer market to change as shown above? . Lower costs for computer chips and motherboards. b. The failure of several computer manufacturers. c. Higher prices for computer software. d. More features and greater...
Exhibit 4-4 Supply and demand curves for good X Pue Qty Gay) 5. An increase in...
Exhibit 4-4 Supply and demand curves for good X Pue Qty Gay) 5. An increase in the wage rate paid to workers producing good X would be represented by which of the graphs in Exhibit 4.4? a. Graph A. b. Graph B. c. Graph C. d. None of the above. 6. Which of the following would raise both the equilibrium price and the equilibrium quantity of strawberries? a. A decrease in the supply of strawberries. b. An increase in the...
10. Producers of strawberries have seen a rightward shift of the supply curve for strawberries. Which...
10. Producers of strawberries have seen a rightward shift of the supply curve for strawberries. Which of the following choices likely explains this rightward shift? a. The price of labor used in harvesting strawberries has increased b. Technology has improved in the harvesting of strawberries c. The price of fertilizer used in growing strawberries has increased d. The number of strawberry sellers has decreased e. Strawberry growers expect lower market prices in the near future
40. S1 D1 Quantity Refer to the diagram, in which SI and DI represent the original...
40. S1 D1 Quantity Refer to the diagram, in which SI and DI represent the original supply and demand curves and $2 and D2 the new curves. In this market increase in demand has been more than offset by an increase in supply point M shows the new equilibrium position. C) the new equilibrium price and quantity are both greater than originally D) the equilibrium position has shifted from M to K 41. Producer surplus is the difference between A)...
1- Consider a monopolistic market where the government has decided to implement lump-sum tax. Which of...
1- Consider a monopolistic market where the government has decided to implement lump-sum tax. Which of the following are true? Select all that apply. The monopolist loses profit. The government gains revenue. The monopolist is forced to reduce their prices. The monopolist is forced to sell less products. 2-Consider a monopolistic market where the government has decided to implement lump-sum tax. Which of the following are true? Select all that apply. The monopolist loses profit. The government gains revenue. The...
07 por increase in gas price 9) Assume we are looking at the electric car market...
07 por increase in gas price 9) Assume we are looking at the electric car market How would a major increase affect this market? a) Supply increases..A shortage developes. price increases..higher prices preval b) Demand decreases..a surplus developes price declines. lower prices prevail c) Supply decreases.. A shortage developes..price increases higher prices preval Demand increases a short pe developes price increases higher prices prevall 10) In October 2005, the U.S. Fish and Wildlife Service banned the importation of beluga caviar,...
19. An increase in the quantity demanded of a good is most often due to: a....
19. An increase in the quantity demanded of a good is most often due to: a. a decrease in the price of a substitute good. b. higher prices. c. an increase in wages paid to workers. d. lower prices. 20.- An increase in the supply of the product implies: a. producers will now charge a lower price for a given quantity of output. b. the price of this product has increased. c. the supply curve will shift to the left....
Question 7 (3 points) If the price of K declines, the demand curve for the complementary...
Question 7 (3 points) If the price of K declines, the demand curve for the complementary product J will: a) remain unchanged. b) shift to the right. (D c) shift to the left. d) decrease. Question 8 (3 points) The law of supply indicates that: a)l producers will ofer more of a product at low prices than they will at high prices. b) consumers will purchase less of a good at high prices than they will at low prices the...
Consider the table above. If the price in the market is initially set at $2, what...
Consider the table above. If the price in the market is initially set at $2, what is the result in the market, and what will eventually have to happen to move the market to equilibrium? a. Shortage, price increase b. Shortage, price decrease c. Surplus, price increase d. Surplus, price decrease Suppose a market is initially in equilibrium. Then a change occurs and the equilibrium price decreases while the equilibrium quantity increases. What change occurred in the market to cause...
HOMEWORK SET 4A MARKETS IN ACTION 1 Question 1 refers to the following diagram, which shows the market for computers. 3 Price par computer (thousands oldaten ar 0 10 40 20 30 Quantity of computera Pundydis per wohl 1. Which of the following changes could cause the computer market to change as shown above? . Lower costs for computer chips and motherboards. b. The failure of several computer manufacturers. c. Higher prices for computer software. d. More features and greater...
Exhibit 4-4 Supply and demand curves for good X Pue Qty Gay) 5. An increase in the wage rate paid to workers producing good X would be represented by which of the graphs in Exhibit 4.4? a. Graph A. b. Graph B. c. Graph C. d. None of the above. 6. Which of the following would raise both the equilibrium price and the equilibrium quantity of strawberries? a. A decrease in the supply of strawberries. b. An increase in the...
40. S1 D1 Quantity Refer to the diagram, in which SI and DI represent the original supply and demand curves and $2 and D2 the new curves. In this market increase in demand has been more than offset by an increase in supply point M shows the new equilibrium position. C) the new equilibrium price and quantity are both greater than originally D) the equilibrium position has shifted from M to K 41. Producer surplus is the difference between A)...
07 por increase in gas price 9) Assume we are looking at the electric car market How would a major increase affect this market? a) Supply increases..A shortage developes. price increases..higher prices preval b) Demand decreases..a surplus developes price declines. lower prices prevail c) Supply decreases.. A shortage developes..price increases higher prices preval Demand increases a short pe developes price increases higher prices prevall 10) In October 2005, the U.S. Fish and Wildlife Service banned the importation of beluga caviar,...
19. An increase in the quantity demanded of a good is most often due to: a. a decrease in the price of a substitute good. b. higher prices. c. an increase in wages paid to workers. d. lower prices. 20.- An increase in the supply of the product implies: a. producers will now charge a lower price for a given quantity of output. b. the price of this product has increased. c. the supply curve will shift to the left....
Question 7 (3 points) If the price of K declines, the demand curve for the complementary product J will: a) remain unchanged. b) shift to the right. (D c) shift to the left. d) decrease. Question 8 (3 points) The law of supply indicates that: a)l producers will ofer more of a product at low prices than they will at high prices. b) consumers will purchase less of a good at high prices than they will at low prices the...
Most questions answered within 3 hours.
-
3. Gains from trade
Consider two neighbouring island countries called Euphoria and
Contente. They each have...
asked 18 minutes ago -
A business executive has the option to invest money in two
plans: Plan A guarantees that...
asked 2 hours ago -
Hello, can someone please help me answer this question?
How much heat is absorbed by a...
asked 2 hours ago -
. A marketing researcher conducted a survey of 25 shoppers
randomly selected at the local mall...
asked 2 hours ago -
Create an comprehensive response to the
following:
Antimicrobial agents work on a multitude of microbes (bacteria,...
asked 2 hours ago -
6.13 LAB: Step counter. Section 6.3.
A pedometer treats walking 2,000 steps as walking 1 mile....
asked 2 hours ago -
(14.2) A block of mass m = 10 kg riding on a frictionless
horizontal plane is...
asked 2 hours ago -
Use any search engine to search for articles about Starbucks
partnership with Tata Companies in India...
asked 2 hours ago -
Let’s say that for some reason Bank Excess Reserves suddenly
increase sharply. What effect would this...
asked 3 hours ago -
Given:
Curent Assets: $600,000
Total Assets: $2,600,000
Current Liabilities: $500,000
Total Liabilities: $1,700,000
What is the...
asked 3 hours ago -
1. What is a “Bankster”? What is insider trading? Why is it
illegal?
2. What is...
asked 3 hours ago -
A transverse wave on a cord is given by
D(x,t)=0.18sin(2.7x−61.0t), where Dand x are in m...
asked 3 hours ago