Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Business Economics Expert

problem:

1)

1071_supply curve_1.jpg

a) A decrease in the banana’s supply caused by the cyclone in Queensland causing the supply curve to shift to the left from s0 to s1

b) A shift to the lift in the supply curve means a decrease in the supply hence the price would shift up causing an increase from P0 to P1.

c) Price increase from P0 to P1 causes a decrease in the demand from Q0 to Q1.

2)

1543_supply curve_2.jpg

a) The supply stays the same at the same time a shift to the left causing the demand to decrease due to the schools holidays ending.

b) The equilibrium falls from P0 to P1 due to a left shift in the demand for the interstate flights and the supply remains the same.

c) The demanded Quantity has decreased from Q0 to Q1

3)

832_supply curve_3.jpg

a) A shift to the left in the supply curve causing the supply to decrease.

b) As ford is in need for oil to run hence it’s a component good it demands for additional goods falls.

problem:

1853_price quantity curve.jpg

a) The two programs aren’t effective due to the fact that cigarettes are addictive  the program will be the cause of the cigarettes price going up as due to the new tax added to the additional price

b) It’s a normative statement hence it can’t be determined if it’s true or false but on the other hand additional tax on cigarettes prices is a way of collecting tax revenue  for the government.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M9105

Have any Question? 


Related Questions in Business Economics

According to posting from last fall sales for products such

According to posting from last fall, sales for products such as Spam, pancake mixes, instant potatoes, rice and beans have been booming during the recession; a spokesperson from a grocery chain is quoted as saying “They’ ...

Construct a properly structured program that accepts the

Construct a properly structured program that accepts the following input: student last name, student first name, academic major, and GPA. The program will output the students last name and GPA. If the GPA is less than 2. ...

Explain the benefits and drawbacks of using software

Explain the benefits and drawbacks of using software development tools provided by cloud vendors to develop cloud-based solutions for an organization.

You explain to your friend haslina who runs a catering

You explain to your friend Haslina, who runs a catering service called "Meals in a Zip," about an economic theory which asserts that consumers will purchase less of a product at higher prices than they will at lower pric ...

Consider the following game there are two players 1 and 2

Consider the following game. There are two players, 1 and 2. They will play either Matching Quarters version A (with player 1 moving first), Modified Matching Quarters version A (where player 2 moves first), or Matching ...

In april 2000 the seasonally adjusted unemployment rate was

In April 2000, the seasonally adjusted unemployment rate was 3.8%. By June 2001, the unemployment rate has increased to 4.5% yet the measures by the fedreal reserve tlo reduce short-term interest rates were taken in stag ...

Economics for business paperpaperin todays business world

Economics for Business Paper Paper In today's business world, it is vital for companies to carefully assess their markets and competitive environment and operate efficiently. A critical skill for business managers is the ...

Why is it that when you have a trade deficit saving is less

Why is it that when you have a trade deficit saving is less than investment. S-I=NX. A trade deficit just means you bought more products from foreign sellers than you sold to them. So is a trade deficit even a bad thing? ...

Social media marketing for sue ellenrsquos pizzeriaread the

Social Media Marketing for Sue Ellen’s Pizzeria Read the overview and complete the activities that follow.Assume you have just been hired as the marketing manager for Sue Ellen’s Pizzeria in Hartford, Connecticut. The ow ...

Jones co borrowed money that is to be repaid in 12 years so

Jones Co. borrowed money that is to be repaid in 12 years. So that the loan will be paid back at end of the 12th year, the company invests $8,000 at end of each year at 5% compounded annually. Using the tables in the Bus ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate