Increase or decrease in demand

Assignment Help Macroeconomics
Reference no: EM131211923

Find an article in a recent newspaper or magazine illustrating a change in price or quantity in some market. Analyze the situation using economic reasoning.

1. Has there been an increase or decrease in demand? Factors that could shift the demand curve include changes in preferences, changes in income, changes in the price of substitutes or complements, or changes in the number of consumers in the market.

2. Has there been an increase or decrease in supply? Factors that could shift the supply curve include changes in costs of materials, wages, or other inputs; changes in technology; or changes in the number of firms in the market.

3. Draw a supply-and-demand graph to explain this change. Be sure to label your graph and clearly indicate which curve shifts.

Reference no: EM131211923

Questions Cloud

Overview of culinary beliefs and customs of the culture : write a brief reaction paper that include: A brief overview of the culinary beliefs and customs of the chosen culture;
Advantages and disadvantages of each of these cases : Briefly discuss the advantages and disadvantages of each of these cases, including an example of a type of organization where each would be appropriate.
Price ceiling on medicines or on health care : What are the advantages of have price ceiling on medicines or on health care?
What consequences does this requirement have : Note that a Web server typically executes as a special user, and in a group that is not shared with most users on the system. Are there some circumstances when running such a Web service is simply not appropriate? Explain.
Increase or decrease in demand : 1. Has there been an increase or decrease in demand? Factors that could shift the demand curve include changes in preferences, changes in income, changes in the price of substitutes or complements, or changes in the number of consumers in the mark..
How many relationships between users and permissions defined : For a RBAC scheme, how many relationships between users and permissions must be defined?
Research the folklore myths and stories that have built up : Research the folklore, myths and stories that have built up around your chosen herb. This is fun and often very colorful, but has a serious side to it as well.
What is the growth of real gdp : In the United States, if the average growth rate of nominal GDP is 2.8 percent, inflation is 1.6 percent, and population growth is 0.5 percent, what is the growth of real GDP? Per capita nominal GDP? Per capita real GDP?
Surplus of how much : In a competitive market, the market demand is Qd=24-3P and the market supply is Qs=5P. A price floor of $4 will result in a surplus of how much?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Disadvantages of building a system

Your manager just asked you to join a meeting in progress to speak for five minutes about a build versus buy decision the company is about to make. Describe how you would spend those five minutes in presenting the most important element of the dec..

  Economists generally agree that high budget deficits today

economists generally agree that high budget deficits today will reduce the growth rate of the economy in the future.

  Demonstrarte using work/leisure diagram that unemployment

Instaed of a minimum wage, suppose there is unemployment benefit that pays $50 per day. Workers are indifferent between earning a wage of $50 per day and remaining unemployed and collecting the benefit.

  Why the debeers consolidated mines markets

DeBeers Consolidated Mines markets about: 45 percent of the world's rough-cut diamonds. 33 percent of the world's rough-cut diamonds. 80 percent of the world's rough-cut diamonds. 55 percent of the world's rough-cut diamonds.

  What is the rationally expected inflation rate

What is the rationally expected inflation rate and the answer to this point is functional to better understand the next ones: (b) and (c)

  How do you think media coverage of politics will change

Describe why it is important for the media to provide objective coverage of events. Do you believe today's media accomplish this goal? Support your answer. And, how do you think media coverage of politics will change, if at all, in the next 10 y..

  What specific factors might have accounted for this event

A country's long -run equilibrium price level has increased, but the position of its aggregate demand schedule has not changed. what has happened? what specific factors might have accounted for this event?

  What level should it set these charges

Assuming the phone company has to charge the same monthly rental fee and unit price to all its customers, at what level should it set these charges?

  Level of prices in the base year

What is the measurement of current level of prices relative to the level of prices in the base year?

  What is required condition for investment to be desirable

Consider an individual aged 22 who is completing a bachelor's degree and is trying to decide whether to continue his education for an additional two years in order to obtain a Master's degree. Expected working life is through age 64.

  Say that c 15 08y i 4 g 1 let us say that the government

say that c 15 0.8y i 4 g 1. let us say that the government promotes thriftiness by giving a tax break to people who

  Why does increasing productivity index effect the total

When the productivity index is moved from 0% to 25% Total product increases and the marginal cost decreases. Can someone explain to me why this happens?

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