Cause the market demand curve for a good to shift

Assignment Help Business Economics
Reference no: EM13982613

Which of the following would cause the market demand curve for a good to shift?

a. a change in the number of buyers in the market

b.  a change in the production process sellers use

c. a change in the price of an input used to make the good

d. the imposition or removal of a price ceiling

Reference no: EM13982613

Questions Cloud

How large a sum must sunrise accumulate by the end of year : How much would Sunrise have to deposit annually during the accumulation period if it could earn 10% rather than 9% during the accumulation period?
Positive debt-income relationship using a regression concept : The ratio of consumer liabilities to consumer financial assets rose from just over 10% in 1950 to more than 30% in 2009. However, recent researches points to a number of factors that bear on the consumer’s decision of when and how much to borrow. How..
Perfectly competitive market short-run total cost function : Assume a firm in a perfectly competitive market has the short-run total cost function TC = 100 + 160Q + 3Q2. If the market price is $196, what should it do?
Is there a node or antinode at the boundary : When a harmonic wave is reflected from a boundary of negligible impedance, is a standing wave formed? If so, is there a node or antinode at the boundary? Justify your answer.
Cause the market demand curve for a good to shift : Which of the following would cause the market demand curve for a good to shift?
Beef market if an economic recovery increased incomes : Beef has a positive income elasticity in Algeria. What would happen in the Algerian beef market if an economic recovery increased incomes?
What is the highest point on the wall that the ball can hit : Someone is standing in a gym 20 m from the wall. The ceiling height is 7 m. If they hit a ball toward the wall with a racket 1.6 m above the floor with a speed of 15 m/s, what is the highest point on the wall that the ball can hit?
Calculate and explain the two-part pricing strategy : You have just been hired as manager of a new golf club. The golf club has market power over its members. The club owner wants you to come up with a two-part pricing strategy to maximize profits for the club. The average golfer’s monthly demand is P =..
Describe by the supply and demand model : Consider our competitive market, describe by the supply and demand model. If there are no externalities, explain why economists describe the competitive equilibrium an efficient. Suppose instead that all of the firms in this market vent an ozone redu..

Reviews

Write a Review

Business Economics Questions & Answers

  How much profit does the firm collect with the prices set

Suppose there are two types of customers for a cell phone service: undergraduates (U) and grad Students (G). The aggregate (inverse) demand curve for undergraduates is PU = 100 − 0.25QU and the aggregate (inverse) demand curve for the graduate studen..

  Why might this decision be against its own best interest

Suppose that a tax of $28 is levied on each item sold by a monopolist, and as a result, it decides to raise its price by exactly $28. Why might this decision be against its own best interest?

  Relationship between real gross domestic product and capital

The graphical relationship between real gross domestic product (GDP) and capital is called the:

  Describe the details of the fictitious business

Assume that you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6,000 un..

  Illustrate what is marginal cost of the unit of output

In the short run, a firm's total costs of producing 100 units of output equal $10,000. If it produces one more unit, its total costs will increase to $10,150. Illustrate what is marginal cost of the 101st unit of output.

  Hypothetical prices-quantities demanded of software product

The table below shows the hypothetical prices and quantities demanded of a software product. Assume that the fixed cost of setting up the production of software is $200 and the marginal cost is $5.

  Abput the utility function

Martha has the utility function U(x, y) = min {4x,2y}. Write down her demand for x and y as functions of the variables m, px, and py, where m is income, px is the price of x, and py is the price of y.

  Advertising-administrative costs-rent of production facility

Foods Inc (FI) sells 5 million units per year of its only product (SuperFood) through a major retailer. SuperFoods’ retail price is $5 per unit which included a margin to the retailer of 20%.  alculate SuperFoods’ per unit variable cost, Calculate Su..

  How much of the total demand do the follower firms supply

What is the total market demand for polyglue at the price established by Alchem in Part (a). How much of the total demand do the follower firms supply?

  What is supply-side economics

What evidence have you discovered that points to the Classical, Keynesian, and Monetarist theories being debated today? What is supply-side economics? Does it oppose the Classical, Keynesian, or Monetarist theory? How does supply-side economics affec..

  Evalute your results to the nearest hundredth of a percent

Find a 95% confidence interval for the true percent of car owners in this city who recieved a speeding ticket this year. Evalute your results to the nearest hundredth of a percent.

  Illustrate what implications do these results have

Calculate the elasticity for each variable. On this basis, discuss the relative impact that each variable has on the demand. Illustrate what implications do these results have for the firm's marketing and pricing policies.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd