How the supply and demand increases or decreases?

Assignment Help Microeconomics

Reference no: EM13174426

1) All of the questions in this Part refer to the market for jelly doughnuts. All questions are concerned only with the short run. Each situation is not related to the others. Analyze each question separately.
Assume that the supply and demand curves are normally shaped. In each question, at most one curve will shift. Use the following code to indicate each of your answers:

a. Demand increases.

b. Demand decreases.

c. Supply increases.

d. Supply decreases.

e. Neither demand nor supply changes.

1. The price of coffee doubles.

2. The price of jelly used as filling in jelly doughnuts rises by 20%.

3. A significant number of people decide to go on low diets.

2) All of the questions in this Part refer to the market for gasoline. All questions are concerned only with the short run. Each situation is not related to the others. Analyze each question separately.

Assume that the supply and demand curves are normally shaped. In each question, at most one curve will shift .Use the following code to indicate each of your answers:

a. Demand increases.

b. Demand decreases.

c. Supply increases.

d. Supply decreases.

e. Neither demand nor supply changes.

1. Huge new crude oil reserves are discovered in the western United States.

2. The price of train and air transportation doubles because of Homeland Security charges.

3. The price of new automobiles falls by20%.

3) All of the questions in this Part refer to the market for cigars in the United States. All questions are concerned only with the short run. Each situation is not related to the others. Analyze each question separately.

Assume that the supply and demand curves are normally shaped. In each question, at most one curve will shift .Use the following code to indicate each of your answers:

a. Demand increases.

b. Demand decreases.

c. Supply increases.

d. Supply decreases.

e. Neither demand nor supply changes.

1. The price of the tobacco used in cigars falls by 25%.

2. Smoking of cigars is banned from all public areas in the United States.

3. The price of cigars in the United States rises by 20%.

Reference no: EM13174426

Questions Cloud

State the refrigeration unit uses a compressor : We have a refrigeration unit that works at a pressure of 0.1MPain the evaporator and 1 MPa in the condenser. The refrigeration unit uses a compressor with an efficiency of 90%

Explain price discrimination-demand-monopoly : Write in words (or in mathematical symbols) the formula for the coefficient of price elasticity of demand. What are the numbers or ranges of numbers that correspond to (1) perfectly elastic demand; (2) elastic demand? Give a realistic example o..

State the soluton after addition of solid sodium formate : Calculate the pH for the soluton after addition of solid sodium formate to cause the formate ion (CHOO-) to increase to 0.2 M

Calcium hydride reacts with water to give gaseous hydrogen : Calcium hydride reacts with water to give gaseous hydrogen and calcium hydroxide

How the supply and demand increases or decreases? : All of the questions in this Part refer to the market for gasoline. All questions are concerned only with the short run. Each situation is not related to the others. Analyze each question separately. Huge new crude oil reserves are discovered in th..

State how many joules of heat are produced for each electron : how many joules of heat are produced for each electron? c. If the circuit operates for thirty mins, how many mles of electrons will have flowed through the resistor?

Compute the mass of sulfuric acid : From the composition of lignite coal, calculate the mass of sulfuric acid that could potentially form as acid rain from burning

Why do lithium and sodium exhibit similar chemical behavior : Why do lithium and sodium exhibit similar chemical behavior? What is the stadard potential of 1/2 O2 My table says 1.229

Explain how does the law of definite proportions help : How does the law of definite proportions help to distinguish between a compound of certain elements

User Account

All Pages