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

A researcher wishes to estimate the mean number of hours

A researcher wishes to estimate the mean number of hours per week that children in the 10 to 12 year age range spend viewing television. How large a sample should be selected so that the estimate is within 0.25 hours of ...

How does consumers influence the market price of goods it

How does consumers influence the market price of goods it sells, and what does the term, "market power" means?

Benefits of abating emission mb500-20acost of abating

Benefits of abating emission: MB=500-20A Cost of abating emission: MC=200+5A What are the marginal benefit and marginal cost of abatement at socially efficient level of abatement? What is the net social benefit at the ef ...

Suppose that coca-cola is currently paying a dividend of

Suppose that Coca-Cola is currently paying a dividend of $1.75 per share, the dividend is expected to grow at a rate of 5% per year, and the rate of return investors require to buy Coca-Cola's stock is 8%. Calculate the ...

Cnsider simple linear regressionyi beta0 beta1xi

Consider simple linear regression yi = β0 + β1xi + εi. (1) Let zi = a+ bxi and yi = γ0 + γ1zi + δi . (2) Show that the predicted values of the least-square estimators in (1) and (2) are identical for all xi and zi

Doing research for insurance rates it is found that those

Doing research for insurance rates, it is found that those aged 30 to 49 drive an average of 38.7 miles per day with a standard deviation of 6.7 miles. These distances are normally distributed. If a group of 60 drivers i ...

Determine the sample size needed to construct a 90

Determine the sample size needed to construct a 90?% confidence interval to estimate the average GPA for the student population at a college with a margin of error equal to 0.5. Assume the standard deviation of the GPA f ...

Assume that 8 of people have ab blood a hospital blood bank

Assume that 8% of people have AB blood. A hospital blood bank needs ABblood so the blood bank begins checking potential donors. Use this Excel file geometric probabilities (enable the macro after opening the file) or thi ...

The attractiveness of a country as a market or investment

The attractiveness of a country as a market or investment site depends on balancing the likely long-term benefits of doing business there, against the likely costs and risks. What do you consider are the determinants of ...

What would be the substitution effect and the income effect

What would be the substitution effect and the income effect of a wage increase?

  • 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