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

Suppose that college science textbooks on average cost 225

Suppose that college science textbooks on average cost 225 dollars with a standard deviation of 45 dollars. Suppose that a random sample of 40 college science textbooks was taken. Find the probability that the sample mea ...

Under the trade model with external economies of scale is

Under the trade model with external economies of scale, is it possible for a country to be worse off with trade than it would have been without trade? Justify your answer.

Standards drive instruction therefore how do standards

Standards "drive instruction," therefore, how do standards influence curriculum planning?

What are the minimum first quartile median third quartile

What are the minimum, first quartile, median, third quartile, maximum, interquartile range, and range of the data set below? Make a box-and- whisker plot. 25, 25, 30, 35, 45, 45, 50, 55, 60, 60

1 you are lost on the mythy island in the summer when

1. You are lost on the Mythy Island in the summer, when tourists are two-thirds of the population. If you ask a tourist for direction the answer is correct with probability ¾; answers to repeated questions are independen ...

A study was conducted of pleas made by 1032 criminals among

A study was conducted of pleas made by 1,032 criminals. Among those criminals, 954 pled guilty, and 394 of them were sentenced to prison. Among the 78 of the other criminals, who pled not quilty, 58 were sentenced to pri ...

When comparing monopolization to monopolistic competition

When comparing monopolization to monopolistic competition in the wireless telecommunications world, what are some good differences to touch on in a short paper?

What effect does the teacher have on creating a learning

What effect does the teacher have on creating a learning environment with little to no behavior problems?

Briefly explain what separations are how do they effect the

Briefly explain what separations are, how do they effect the average duration of unemployment?

Suppose the quantity of fish purchased by mr singh family

Suppose the quantity of fish purchased by Mr Singh family is 21 kilos per year when the price is $11.50 per kilo and 17 kilos per year when the price is $20.50 per kilo. Calculate the price elasticity of demand coefficie ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As