Explain a current market equilibrium in your work

Assignment Help Microeconomics
Reference no: EM133552738

Question: Explain a current market equilibrium in your work, school or personal life Shift demand and supply, forecast what will happen when demand, supply, or both shifts, (you can discuss any topics including cars, housing, supplies ect) Describe real phenomenon using shifts in demand and supply (start with data, then explain what happened, e.g., why does the daily price of gasoline increase in the summer and decrease in the winter?

Reference no: EM133552738

Questions Cloud

Discuss what aspects of their research and writing : Using Yount's Discipler's Model discuss what aspects of their research and writing that work well within biblical worldview and which aspects may be problematic
What are effective insecure attachment interventions : What are effective insecure attachment interventions that can be used to help children and adults develop more secure attachments?
How does this video affect your perception about listening : How does this video affect your perception about Listening Skill? Can you add at least 2 or 3 more practical tips to his list?
What are values of the research and data-gathering phase : What are some of the values of the research and data-gathering phase of curriculum design?
Explain a current market equilibrium in your work : Explain a current market equilibrium in your work, school or personal life Shift demand and supply, forecast what will happen when demand
Draw a graph which imposes these two constraints : Draw a graph which imposes these two constraints, and demonstrates the socially optimal consumption path. Clearly label any functions you draw and their Y-axis
What kind of group would you be most interested in forming : What kind of group would you be most interested in forming? Why? What factors would you consider to include a culturally diverse group?
How much can individuals be held accountable for : Milgram's and Zimbardo's studies, in particular, illustrate our potential to do terrible things to each other simply because we've been told to so by some
What impact will this have on the car industry : The US is experiencing the UAW Strike. As an economist, what impact will this have on the car industry and the sales of automobiles

Reviews

Write a Review

Microeconomics Questions & Answers

  Some interior bundle on the budget constraint

Let (x1, x2) be some interior bundle on the budget constraint, and suppose p1 = 4 and p2 = 2. If the marginal rate of substitution at (x1, x2) is -3

  Compute the present value of a perpetuity

If money is worth 10% compounded monthly, compute the present value of a perpetuity of 2.500 payable quarterly.

  How will the supply and demand curve shift

Consider the market for tuna, which is a price-taker market. The long-run equilibrium price is $3 per can of tuna, and the long run equilibrium quantity is 600 million cans per year. suppose the surgeon general issues a report saying that eating t..

  Do economists oppose policies restrict trade among nations

Should a nation tend to export or import goods for which it has a comparative advantage? Explain. Saudi electronic university. Econ 201.

  Evaluate the validity of bobs statement in terms of absolute

Consider Bob, he washes his car by hand rather than taking it to the local car wash. When asked why he washes it by hand, Bob explains "you should never pay for something you can do yourself." Evaluate the validity of Bob's statement.

  Firm simply charge a price that always exceeds its cost

Since a monopolist has some discretion over the price of its product, how is it possible for this firm ever to experience a short run loss? specifically, why can’t the firm simply charge a price that always exceeds its cost?

  Identify an event within the last 6 months that triggered

Identify an event within the last 6 months that triggered a response in you to engage with the issue or topic. It could be something at home, at work, among you

  What are several ways that central banks try to manage

Why are inflation expectations so important to modern monetary policy? What are several ways that central banks try to manage inflation expectations?

  Determine the equilibrium price and quantity

Consider the following market demand and supply functions for a commodity Qd = 20000 - 400 P , Qs = -4000 + 800 P - Determine the equilibrium price and quantity.

  Price of burger kings whopper hamburger declines

The price of Burger King's Whopper hamburger declines and mcDonald's distributes coupons for $1.00 off the purchase of a Big Mac.

  Determine the motivational strategy or strategies

Determine the motivational strategy or strategies that would likely be most appropriate for each of your three employees based on their individual characteristics,

  1 what is meant by a hard - landing adjustment to global

1. what is meant by a hard - landing adjustment to global inbalance?2. what combination of domestic cionditions would

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