The graph above shows the market for laptop computers. Suppose the price of memory chips used in laptop computers decreases. How will this event impact on the equilibrium quantity and the market price?
A. The supply decreases, causing the equilibrium quantity to fall and the market price to rise.
B. The supply increases, causing the equilibrium quantity to fall and the market price to rise.
C. The supply increases, causing the equilibrium quantity to rise and the market price to fall.
D. The quantity supplied increases, causing the equilibrium quantity to rise and the market price to fall.
Homework Answers
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The graph above shows the market for laptop computers. Suppose
the price of memory chips used...
Question 2 1 pts Consumers regard Dell computers and Apple computers as substitutes. If the price...
Question 2 1 pts Consumers regard Dell computers and Apple computers as substitutes. If the price of a Dell computer decreases, the demand for Apple computers increases. demand for Dell computers decreases demand for Apple computers decreases. supply of Dell computers increases. demand for Dell computers increases. Question 3 1 pts If the number of companies producing computer memory chips increases, then the supply of memory chips does not change. O demand for memory chips increases. supply of memory chips...
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12. Consider the following graph which shows the market for laptops. Give one possible scenario such...
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9. Equilibrium in the bond market The following graph shows a bond market in equilibrium at...
9. Equilibrium in the bond market
The following graph shows a bond market in equilibrium at a bond
price of $5.
Use the following graph input tool to answer the questions that
follow. (Note: You will not be graded on any adjustments you make
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Suppose the bond price has
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) of ______________
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2)
Chile is an importer of computer chips, taking the world price
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A.
The price of chips in Chile increases to $16; the quantity of
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imported by Chile decreases.
B.
The price of chips in Chile increases to $19; the quantity of
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In the market for televisions, the price of a television falls and nothing else changes. Price...
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The following graph shows the economy in long-run equilibrium atthe expected price level of 120...
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Question 2 1 pts Consumers regard Dell computers and Apple computers as substitutes. If the price of a Dell computer decreases, the demand for Apple computers increases. demand for Dell computers decreases demand for Apple computers decreases. supply of Dell computers increases. demand for Dell computers increases. Question 3 1 pts If the number of companies producing computer memory chips increases, then the supply of memory chips does not change. O demand for memory chips increases. supply of memory chips...
The graph below shows the market for mandarin oranges in Odin for the month of November (in thousands of kilos). s Tools Price 100 200 300 400 500 600 700 800 900 0 Quantity per month Suppose that in December the demand of mandarin oranges increases by 250 while the supply increases by 100. a) Draw the new curves D2 and S2 In graph above. Plot only the endpoints of the curve above and position those points on the edges...
12. Consider the following graph which shows the market for laptops. Give one possible scenario such that demand curve shifts from D to Dz. P 0 13. How much is the price elasticity of supply if the supply curve is vertical? 14. Consider the demand for good E. If the number of substitutes for good E decreases, will the demand become more elastic? 15. Refer to the accompanying table, calculate the price elasticity of demand for erasers if the price...
9. Equilibrium in the bond market
The following graph shows a bond market in equilibrium at a bond
price of $5.
Use the following graph input tool to answer the questions that
follow. (Note: You will not be graded on any adjustments you make
to the graph.)
Suppose the bond price has
changed to $2, creating a ____________( surplus / shortage
) of ______________
million bonds. (Hint: Enter the new price in the “Current Price”
field to see the changes...
2)
Chile is an importer of computer chips, taking the world price
of $12 per chip as given. Suppose Chile imposes a $7 tariff on
chips. Which of the following outcomes is possible?
A.
The price of chips in Chile increases to $16; the quantity of
Chilean-produced chips increases; and the quantity of chips
imported by Chile decreases.
B.
The price of chips in Chile increases to $19; the quantity of
Chilean-produced chips increases; and the quantity of chips
imported...
In the market for televisions, the price of a television falls and nothing else changes. Price (dollars per television) Show the effect of this change o os Choose between the following Use the single arrow tool to draw an arrow on the demand curve showing the direction of movement along the line OR Use the line tool to draw a new demand curve Only one of the effects is correct, and you must determine which is the appropriate one to...
The following graph shows the economy in long-run equilibrium at
the expected price level of 120 and the natural level of output of
$600 billion. Suppose a sudden and severe contraction in the
housing market reduces the value of homes and causes consumers to
spend less.Shift the short-run aggregate supply (AS) curve or the aggregate
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the housing market slump.In the short run, the decrease in consumption spending
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