PLZ help me with this homework and plz HANDWRITE IN A TEXT! not in PIC since its hard to read from. Thank you! electronic graph!
. For each of the below, indicate if the curve in question would shift to the left, to the right, or not at all. Assume perfect competition, and that other than the change listed everything else remains the same (i.e. ceteris paribus).
3. Demand is highest for watermelon in the summer, yet that is also when prices are lowest. Draw a graph showing both demand and supply for watermelon in both the summer and the winter (i.e. two demand curves and two supply curves on one graph) that illustrates how this situation could be possible.
(First Question)
(1) Demand shift
(a) An increase in income will increase demand for a normal good, shifting its demand curve to right.
(b) A decrease in price of a substitute will decrease demand for the good in question, shifting its demand curve to left.
(c) A decrease in population will decrease demand for the good in question, shifting its demand curve to left.
(d) An increase in taste for the good will increase its demand, shifting its demand curve to right.
(e) A decrease in price of a complement will increase demand for the good in question, shifting its demand curve to right.
(2) Supply shift
(a) A decrease in the number of firms in the market will decrease market supply, shifting supply curve to left.
(b) A decrease in the current price of the product will decrease its quantity supplied, causing a downward movement along supply curve. But supply curve will not shift.
(c) An increase in productivity will increase profitability, causing firms to produce more, increasing market supply, shifting supply curve to right.
(d) A decrease in the expected future price of a product will cause firms to produce and sell more now at higher price, increasing market supply, shifting supply curve to right.
(e) An increase in the price of an input will increase production cost, causing firms to produce less, decreasing market supply, shifting supply curve to left.
NOTE: As per Chegg Answering Policy, 1st question is answered.
PLZ help me with this homework and plz HANDWRITE IN A TEXT! not in PIC since...
PLZ help me with this homework and plz HANDWRITE IN A TEXT! not in PIC since its hard to read from. Thank you! (electronic graph!)!! 1. Demand is highest for watermelon in the summer, yet that is also when prices are lowest. Draw a graph showing both demand and supply for watermelon in both the summer and the winter (i.e. two demand curves and two supply curves on one graph) that illustrates how this situation could be possible. The market...
Handwrite in text plz not in pic since its hard to read from and plz dont copy answers that were answered before. least 3-4 paragraphs Only one thing can cause movement along a product’s demand curve --- that is, cause a change in quantity demanded for that product --- and that’s a change in that product’s price. On the other hand, there are five key variables that can cause a product’s demand curve to shift to the left or right ---...
Handwrite in text plz not in pic since its hard to read from and plz dont copy answers that were answered before. 1. Imagine that the leaders of a poor nation with a centrally planned economy become willing to try a different economic system, and hire an economist from a rich, market economy nation to advise them. The economist recommends a switch to a market economy. What will the economist suggest the leaders order their citizens to do? 2. Only...
Handwrite in text plz not in pic since its hard to read from and plz dont copy answers that were answered before least 2-3 paragraphs 1. Can pollution ever make us better off? How do we know? Should we aim to eliminate all pollution? If not, what should our goal be? Defend your answer 2. When thinking about types of goods, what does rivalry mean? What does excludability mean? What are the four categories of goods we can identify using...
Handwrite in text plz not in pic since its hard to read from and plz dont copy answers that were answered before least 2-3 paragraphs 1. What is treasury stock? Explain and discuss some of the reasons a corporation may purchase treasury stock. 2.What is a stock dividend? Describe and discuss reasons why a company would choose to give dividends in the form of stock rather than cash. In your response explain how issuance of a stock dividend affects the accounting...
PLEASE DRAW GRAPH ELECTRONICALLY. ( NO HANDWRITING) Demand is highest for watermelon in the summer, yet that is also when prices are lowest. Draw a graph showing both demand and supply for watermelon in both the summer and the winter (i.e. two demand curves and two supply curves on one graph) that illustrates how this situation could be possible.
Handwrite in text plz not in pic since its hard to read from and plz dont copy answers that were answered before least 2-3 paragraphs 1. Compare and contrast a job order costing system and a process costing system. Give examples of situations in which it would be appropriate to use each system as well as explain why? 2. Describe and explain what is CVP analysis. Provide examples of how managers may use this tool for sensitivity analysis least 2-3...
PLEASE TYPE ANSWER & DRAW GRAPH ELECTRONICALLY. ( NO HANDWRITING) Demand is highest for watermelon in the summer, yet that is also when prices are lowest. Draw a graph (electronically) showing both demand and supply for watermelon in both the summer and the winter (i.e. two demand curves and two supply curves on one graph) that illustrates how this situation could be possible.
1.Suppose that good ABC is a neutral good for Leah. If Leah's income rises, then the result will be that Leah's demand curve for good ABC will a.shift rightward. b.shift leftward. c.not shift at all. d.shift rightward immediately and then shift leftward. ( I chose option A) 2. Which of the following illustrates the law of supply? a.Company ABC increases the quantity supplied of its product as the price of that product rises. b.Company ABC decreases the quantity supplied of...
PLEASE TYPE AND DRAW GRAPH ELECTRONICALLY. ( NO HANDWRITING) The following table contains information about the wheat market: Price per Bushel (dollars) Quantity Demanded (bushels) Quantity Supplied (bushels) $2 40,000 0 4 34,000 4,000 6 28,000 8,000 8 24,000 16,000 10 20,000 20,000 12 18,000 28,000 14 12,000 36,000 16 6,000 40,000 Draw (Electronically) and label a graph representing this market (demand curve, supply curve, etc.) What is the market price of wheat in this market, and what is...