User Account

All Pages

List the determinants of supply and demand

Assignment Help Macroeconomics
Reference no: EM131274656

Basic Macroeconomics Assignment

You must show work to get credit. Your score is also based on your explanation.

Use the Hill Method for each of the following questions.

Note: the Hill Method contains 7 steps. You have to show all the steps for each question.

1. Draw the graph with supply and demand on it and label equilibrium price and quantity.
2. List the determinants of supply and demand.
3. Read the problem and ask yourself if each determinant has changed.
4. Draw the formula (boxes) and fill in the blanks.
5. Change the graph accordingly and label the new equilibrium.
6. List the conclusion.
7. Justify your conclusion.

1. The price of tea is held above equilibrium by the government. What happens to the price and quantity of tea?
2. The price of tea is held below equilibrium by the government. What happens to the price and quantity of tea?
3. The price of tea increases. What happens to the price and quantity of coffee?
4. The price of tea decreases. What happens to the price and quantity of tea biscuits?
5. The government gives out a tax rebate. What happens to the price and quantity of all normal goods?
6. The government gives out a tax rebate. What happens to the price and quantity of all inferior goods?
7. People expect the price of tea to increase. What happens to the price and quantity of tea?
8. People start preferring Tea to coffee. What happens to the price and quantity of tea?
9. There is a baby boom. What happens to the price and quantity of diapers?
10. The cost of making plastic toys increases. What happens to the price and quantity of toys?

Reference no: EM131274656

Questions Cloud

Prepare a memo or incremental report : Prepare a memo or incremental report comparing the projected cost - Compare the costs and profits allocated to the five clients under the two cost allocation methods. In step 5 you will analyze the differences in sufficient detail to explain the di..
What is the standard a court uses to award dollar damages : What is the standard a court uses to award dollar damages when lost profits are involved?- Why should a party who has not breached a contract be required to mitigate the damages of the breaching party?
Assembly instruction leal : If the initial values of registers %esi = 0x801, %eax = 0x1 and the value at address 0x801 is 0x1, 0x802 0x3, what is the final value in register %eax?
Resistance of the alloy to crack nucleation : Would you expect the fracture toughness of quenched and tempered aluminum bronze to be high or low? Would there be a di¤erence in the resistance of the alloy to crack nucleation compared with crack growth? Explain.
List the determinants of supply and demand : List the determinants of supply and demand. Read the problem and ask yourself if each determinant has changed. Draw the formula (boxes) and fill in the blanks.
What critical thinking skills would you use : The state licensing statute exempted "minor work,"and the plaintiff claimed that his work rewiring a hallway in an apartment building managed by AOC was "minor." What critical thinking skills would you use to speculate on who might win this case?
One of your primary roles is to be the workforce strategist : As the CHRO, one of your primary roles is to be the workforce strategist. Your organization is planning to expand business operations to your neighboring state by opening an office. As a result of this expansion, your organization needs to make su..
Display the wind chill temperature index : Write a Python program to display the wind chill temperature index. First perform the appropriate calculations and display the corresponding wind chill temperature index: 10.0 degrees, and 15 MPH 0.0 degrees and 25 MPH -10.00 degrees and 35 MPH.
What is the legal consequence : What is the legal consequence if General Contractors fails to complete the house by June 1 but does finish it by June 20?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd