How market affected in terms of prices and quantities

Assignment Help Microeconomics

Reference no: EM13116164

Q.1 During the 1990s , technological advance reduced the cost of computer chips. explain with the use supply and demand diagrams, how the following markets are affected in terms of prices and quantities.

(1) computers
(2) computer software
(3) type writers must add diagarm please

Q.2 the australian government administers two programs thataffect the market for cigarettes.first, media companies,andlabelling requirement are aimed at making public aware of the dangers of cigarette smoking. second,there is a tax on cigarettes.

(a) with use of a graph,explain how these two programs affect cigarette consumption,

(b) explain the combined effect of these two programs on the price of cigarettes.

Reference no: EM13116164

Questions Cloud

Describe how the water vascular system functions : Describe how the water vascular system functions. What is the benefit of this adaptation for these animals?

Question regarding profit functions : Determine the number of statues that must be sold in order to have a profit of at least $2000. Show all supporting work (graphs, etc.).

Illustrate what should be the magnitude of vector p : The coefficient of kinetic friction is 0.350. Illustrate what should be the magnitude of vector P , so that the net work done by it and the kinetic frictional force is zero?

How are an ionic bond and a covalent bond different : How are an ionic bond and a covalent bond different? Give an example of a compound that exhibits ionic bonding and an example of a compound that exhibits a covalent bond.

How market affected in terms of prices and quantities : With use of a graph, explain how these two programs affect cigarette consumption and explain the combined effect of these two programs on the price of cigarettes.

Find out the speed of the mass at points b and c : When it passes point A, its velocity is 3.5 m/s directed as shown. The distance AP is 0.6 m and BP is 1.0 m. Find out the speed of the mass at points B and C.

Analyze political and social differences facing organization : Analyze political, social, ethical, and legal differences facing both organizations and determine the impact these differences have on management decision making

What percentage points above and below sample proportion : The confidence interval must be less than 5 percentage points i.e. the confidence interval should extend at most 2.5 percentage points above and below the sample proportion?

Fundamental accounting principles : The ledger of Salizar Company at the end of the current year shows Accounts Receivable $110,000, Sales $840,000, and Sales Returns and Allowances $40,000.

User Account

All Pages