Demand definitely predict for the cement market

Assignment Help Business Economics
Reference no: EM13733300

If an earthquake decreases cement supply by disabling a major cement plant and increases demand by necessitating repair jobs, what does the model of supply and demand definitely predict for the cement market?

Reference no: EM13733300

Questions Cloud

Individual is faced with two goods-income and leisure : Suppose an individual is faced with two goods: income and leisure. The basic wage rate is 8 dollars per hour but if the individual works more than 8 hours a day, he or she get's an overtime pay of $12. Draw the budget line for this individual.
What is the determinant that has caused the shift : Find an article (newspaper, magazine, or online) that identifies a shift change in supply and demand. Use the article to answer the questions: Indicate if the shift has already occurred, maybe occurring currently, or may occur in the future. Is the m..
Focusing only on the price effect and ignoring the quantity : Skyscraper City has a subway system, for which a one-way fare is $1.50. There is pressure on the mayor to reduce the fare by one-third, to $1.00. The mayor is dismayed, thinking that this will mean Skyscraper City is losing one-third of its revenue f..
Corporations structure and culture be internal strengths : In what ways may a corporation’s structure and culture be internal strengths or weaknesses? Look at your organization, and analyze its structural and cultural strengths and weaknesses. How can the weaknesses be improved?
Demand definitely predict for the cement market : If an earthquake decreases cement supply by disabling a major cement plant and increases demand by necessitating repair jobs, what does the model of supply and demand definitely predict for the cement market?
Supply and demand model of the wholesale gasoline market : Consider a supply and demand model of the wholesale gasoline market. If a tropical storm forces some refineries to temporarily withdraw from the market, what curve shifts and in which direction?
Calculate the equilibrium quantity : Suppose the market for a certain dosage of generic blood thinners has a supply described by P=1.88+2.62Q and a demand described by P=4.74-1.39Q. Calculate the equilibrium quantity?
Suppose a snow storm causes the supply curve to shift : Suppose the market for oranges initially has supply described by P=10+Q (with price measured in dollars per bag and quantity measured in millions of bags) and demand described by P=20 - Q. Suppose a snow storm causes the supply curve to shift to the ..
Current goal of economic policymakers : The work by Milton Friedman altered the consensus that had developed in the aftermath of the Great Depression on how the economy should be managed. As a result, the current goal of economic policymakers is to: reduce the magnitude of both downturns a..

Reviews

Write a Review

Business Economics Questions & Answers

  Collection of goods and services for the last ten years

The GDP price index is A. a measure of the price of a specified collection of goods and services compared to the average of the prices of a highly similar collection of goods and services for the last ten years.

  How they will help to improve the gdp

Elucidate how they will help to improve the GDP as a tool for measuring the well-being of a nation.

  What mix of central bank bond purchases also higher

Illustrate what mix of central bank bond purchases also higher government spending is required to rise income by $6,000 without changing the interest rate

  Elucidate the supply function for a perfectly competitive

Elucidate the supply function for a perfectly competitive industry with constant returns to scale? Consequently, what will be the equilibrium price and equilibrium profits for this industry.

  What is the price of gasoline for this analysis

If you drive 20,000 miles per year and the price of gasoline for this analysis is assumed to be $4.00 per gallon, which model should you purchase?

  Explain does borrower gain or lose

Does the lender gain or lose from this unexpectedly high inflation. Explain does borrower gain or lose.

  How should the employee have handled this situation

A bookkeeper makes a significant posting error, which she later discovers and corrects. In fear of losing her job, she does not report the mistake to her supervisor. How should the employee have handled this situation and what should the supervisor d..

  Some low-wage countries

Why do some low-wage countries, such as China, pose a threat to manufacturers in industrial countries, such as the United States, whereas other low-wage countries, such as Haiti, do not?

  What advantage business will have in relation to competition

The following describes what type of document: a detailed written statement that describes the nature of the business, the target market, the advantages the business will have in relation to competition, and the resources and qualifications of the..

  State briefly the basic characteristics of pure competition

State briefly the basic characteristics of pure competition, pure monopoly, monopolistic competition, and oligopoly.

  Illustrate what was the value of the government expenditure

Illustrate what was the value of the government expenditure multiplier. Suppose that investment declined by $40 to a level of $60. What will be the new level of equilibrium income.

  Sporting goods store to buy a new set

Cameron visits a sporting goods store to buy a new set of golf clubs.

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