Homework Answers
Correct Answer:
A
Explanation:
It is the price represent by line A that helps to achieve socially optimal equilibrium. It is the equilibrium level to be achieved when subsidy as vouchers is given to the consumers. It causes increase in the output and spread the benefits of the vaccine in the economy. So, the correct answer is alternative A (line A).
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The graph below depicts the market for a vaccine with spillover benefits. If the government were...
This graph illustrates the marginal costs and marginal benefits of environmental protect. The dotted line depicts...
This graph illustrates the marginal costs and marginal benefits of environmental protect. The dotted line depicts the current quantity of environmental protection. Choose the option below that best fits this scenario. Price MB Environmental Protection Pri Environmental Protection Select the correct answer below: o marginal benefits exceed marginal costs marginal costs exceed marginal benefits o this is the efficient quantity of environmental protection O none of the above
26 The graph below depicts the market for gasoline. a. Use the diagram below to illustrate...
26
The graph below depicts the market for gasoline. a. Use the diagram below to illustrate that consumers expect the price of gasoline to decrease in the future Instructions: Use the tool provided 'New line' to draw a new line that reflects the market effect of this event. Plot only the endpoints of the line. Market for Gasoline Tools s1 New line D1 Thousands of gallons b. This expectation will cause the equilibrium price to Click to select) and the...
25 The graph below depicts the market for the market for an inferior good a. Use...
25
The graph below depicts the market for the market for an inferior good a. Use the diagram below to illustrate an increase in the income of buyers Instructions: Use the tool provided 'New line' to draw a new line that reflects the market effect of this event. Plot only the endpoints of the line. Market for Good A Tools S, New ine 0, Quantity b. This increase in the income of buyers will cause the equilibrium price to Click...
The graph below depicts the market for cars. a. Use the diagram below to illustrate an...
The graph below depicts the market for cars. a. Use the diagram below to illustrate an increase in the price of steel Instructions: Use the tool provided 'New line' to draw a new line that reflects the market effect of this event. Plot only the endpoints of the line. Market for Cars Tools New line D, Quantity of cars b. If the price of steel increases, the ((Click to select) and the equillbrium quantity to Click to selectl cars will...
30 The graph below depicts the market for oranges. a. Use the diagram below to illustrate...
30
The graph below depicts the market for oranges. a. Use the diagram below to illustrate that research indicated that drinking orange juice might increase the risk of health disease, while at the same time the economy is experiencing perfect growing conditions for oranges. Instructions: Use the tools provided D2 and S2' to draw new lines that reflect the market effect of this event. Plot only the endpoints of each line Market for Orange Juice Tools D2 9 Q, Quantity...
27 The graph below depicts the market for pretzels. a. Use the diagram below to illustrate...
27
The graph below depicts the market for pretzels. a. Use the diagram below to illustrate an increase in the price of potato chips Instructions: Use the tool provided 'New line' to draw a new line that reflects the market effect of this event. Plot only the endpoints of the line. Market for Pretzels Tools S1 New line 01 Quantity of pretzels b. If the price of potato chips increases, the Click to select) pretzels wll Click to select). This...
Consider a small country that exports steel. Suppose the following graph depicts the domestic demand and...
Consider a small country that exports steel. Suppose the following graph depicts the domestic demand and supply for steel in this country. One of the two price lines represents the world price of steel. Use the following graph to help you answer the questions below. You will not be graded on any changes made to this graph. Demand Supply Triangle Polygon Price of Steel (Dollars per ton) 600 500 700 000 000 1993 100 200 Suppose that a "pro-trade government...
29 The graph below depicts the market for shoes. a. Use the diagram below to illustrate...
29
The graph below depicts the market for shoes. a. Use the diagram below to illustrate that a less expensive material is developed for the soles of shoes. Instructions: Use the tool provided 'New line' to draw a new line that reflects the market effect of this event. Plot only the endpoints of the line. Market for Shoes Tools New line 0 Quantity of shoes b. If a new, less expensive material is developed for the soles of shoes, the「TRT-e...
QUESTION 6 Suppose instead that the government places a $2 tax on the coffee market (graph...
QUESTION 6 Suppose instead that the government places a $2 tax on the coffee market (graph is replicated below). P 7 6 5 4 100 80 20 40 60 prickt that and the new the new price that consumers will pay is The new quantity in the market will be producers receive is
29 The graph below depicts the market for shoes. a. Use the diagram below to illustrate...
29
The graph below depicts the market for shoes. a. Use the diagram below to illustrate that a less expensive material is developed for the soles of shoes. Instructions: Use the tool provided 'New line' to draw a new line that reflects the market effect of this event. Plot only the endpoints of the line. Market for Shoes Tools New line Q1 Quantity of shoes
This graph illustrates the marginal costs and marginal benefits of environmental protect. The dotted line depicts the current quantity of environmental protection. Choose the option below that best fits this scenario. Price MB Environmental Protection Pri Environmental Protection Select the correct answer below: o marginal benefits exceed marginal costs marginal costs exceed marginal benefits o this is the efficient quantity of environmental protection O none of the above
26
The graph below depicts the market for gasoline. a. Use the diagram below to illustrate that consumers expect the price of gasoline to decrease in the future Instructions: Use the tool provided 'New line' to draw a new line that reflects the market effect of this event. Plot only the endpoints of the line. Market for Gasoline Tools s1 New line D1 Thousands of gallons b. This expectation will cause the equilibrium price to Click to select) and the...
25
The graph below depicts the market for the market for an inferior good a. Use the diagram below to illustrate an increase in the income of buyers Instructions: Use the tool provided 'New line' to draw a new line that reflects the market effect of this event. Plot only the endpoints of the line. Market for Good A Tools S, New ine 0, Quantity b. This increase in the income of buyers will cause the equilibrium price to Click...
The graph below depicts the market for cars. a. Use the diagram below to illustrate an increase in the price of steel Instructions: Use the tool provided 'New line' to draw a new line that reflects the market effect of this event. Plot only the endpoints of the line. Market for Cars Tools New line D, Quantity of cars b. If the price of steel increases, the ((Click to select) and the equillbrium quantity to Click to selectl cars will...
30
The graph below depicts the market for oranges. a. Use the diagram below to illustrate that research indicated that drinking orange juice might increase the risk of health disease, while at the same time the economy is experiencing perfect growing conditions for oranges. Instructions: Use the tools provided D2 and S2' to draw new lines that reflect the market effect of this event. Plot only the endpoints of each line Market for Orange Juice Tools D2 9 Q, Quantity...
27
The graph below depicts the market for pretzels. a. Use the diagram below to illustrate an increase in the price of potato chips Instructions: Use the tool provided 'New line' to draw a new line that reflects the market effect of this event. Plot only the endpoints of the line. Market for Pretzels Tools S1 New line 01 Quantity of pretzels b. If the price of potato chips increases, the Click to select) pretzels wll Click to select). This...
Consider a small country that exports steel. Suppose the following graph depicts the domestic demand and supply for steel in this country. One of the two price lines represents the world price of steel. Use the following graph to help you answer the questions below. You will not be graded on any changes made to this graph. Demand Supply Triangle Polygon Price of Steel (Dollars per ton) 600 500 700 000 000 1993 100 200 Suppose that a "pro-trade government...
29
The graph below depicts the market for shoes. a. Use the diagram below to illustrate that a less expensive material is developed for the soles of shoes. Instructions: Use the tool provided 'New line' to draw a new line that reflects the market effect of this event. Plot only the endpoints of the line. Market for Shoes Tools New line 0 Quantity of shoes b. If a new, less expensive material is developed for the soles of shoes, the「TRT-e...
QUESTION 6 Suppose instead that the government places a $2 tax on the coffee market (graph is replicated below). P 7 6 5 4 100 80 20 40 60 prickt that and the new the new price that consumers will pay is The new quantity in the market will be producers receive is
29
The graph below depicts the market for shoes. a. Use the diagram below to illustrate that a less expensive material is developed for the soles of shoes. Instructions: Use the tool provided 'New line' to draw a new line that reflects the market effect of this event. Plot only the endpoints of the line. Market for Shoes Tools New line Q1 Quantity of shoes
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