(Answered) Question 1the earthquake in japan did considerable damage

Economics

Question 1

The earthquake in japan did considerable damage to the sake wine industry and the nations supply of wine decreased as a result. the stress of the earthquake increased the demand for sake and other alcoholic beverages. Use the graphical method to analyse how the change in demand and supply affected the equilibrium quantity and price of sake.

Assume that change in demand is more than change in supply.
Assume that the change in supply is more than the change in demand.
Compare and analyse the results of both cases.

Question 2

Imagine a firm which is the only producer of telecommunications in an economy.

In your opinion what are the characteristics of this market?
Discuss the profit maximizing strategies for this firm, with the support of a graph.
Explain the price discrimination methods practiced by this firm with suitable examples.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M92395873
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Economics

1 what source of variation is found in an anova summary

1. What source of variation is found in an ANOVA summary table for a within-subjects design that is not in in an ANOVA summary table for a between-subjects design. 2. What happens to this source of variation in a between ...

Could you please help me to solve the following economics

Could you please help me to solve the following economics question? "Universal Studios has decided to open a new theme park called Universal Studios Indiana. It will feature the usual attractions other Universal Studios ...

Is the companys personality-harvesting method ethical why

Is the company's personality-"harvesting" method ethical? Why, or why not? Should people who attempt to answer the questionnaire be advised, ahead of time, that the data collected from those questionnaires will be used t ...

A survey of us adults found that 69 of those who text on

A survey of U.S. adults found that 69% of those who text on cell phones receive spam or unwanted messages. You randomly select 100 U.S. adults who text on cell phones. A) Determine whether you can use a normal distributi ...

If a country lets say uk since brexit faces higher

If a country, lets say UK since Brexit, faces higher inflation and lower output than potential, which I am guessing is a adverse supply shock. What kind of FISCAL policy is needed to fix this issue? Explanation has to be ...

From a game theory perspective how would you characterize

From a game theory perspective, how would you characterize the bargaining between a customer and a used car dealer?

Suppose you are given the following consumption and income

Suppose you are given the following consumption and income data: Consumption 100 190 280 370 460 550 Income 0 100 200 300 400 500 Obtain an equation for the consumption function. Use your function to predict the value of ...

Fully explain at least one reason why many developing

Fully explain at least one reason why many developing countries suffered serious debt crisis in the early 1980s. Does this reason you explained in debt support Krueger & Srinivasan's argument? Why or why not? How could t ...

Why should we take selection and participation bias into

Why should we take selection and participation bias into account when analyzing data

Draw supply and demand curve to illustrate the following

Draw supply and demand curve to illustrate the following sequences of events. Show changes in one graph. Assume upward sloping for supply curves and downward sloping for demand curves 1. In year 1, the rental apartment m ...

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

Recent Questions

Ask Business Economics Expert