Pandemics supplies of things

Assignment Help Business Economics
Reference no: EM133129747

Prices exist because of scarcity, not everyone can have everything they want right now. During natural disasters or pandemics supplies of things can get very scarce. Shelves are emptied by consumers but over 30 states have a law that prevent prices from increasing during natural disasters, it is sometimes called anti-price gouging. Should prices be allowed to increase during a disaster? Is there a morality aspect to this?

Reference no: EM133129747

Questions Cloud

Relevance of product unit costs for macroeconomic policy : Explain the relevance of product unit costs for macroeconomic policy.
Adjust the graph to see what happened to the interest rate : At the beginning of chapter 8, the events of May 1995, when the United States considered putting tariffs on imports of luxury cars from Japan. Specifically, on
What net income appear on company income statement budget : The company has rent of $14,500 and fixed payroll of $38,200 each month. For August, what net income would appear on the company's income statement budget
Do your professors hold office hours : Do your professors hold office hours, and will they meet with you outside of class?
Pandemics supplies of things : Prices exist because of scarcity, not everyone can have everything they want right now. During natural disasters or pandemics supplies of things can get very sc
Explain cultural variations in the way property is viewed : Explain cultural variations in the way property is viewed
Prepare a calculation to show the cost of this machine : Special Insurance was needed for the new ice cleaning machine, which 1:24 will cost $200 per month for the next year. Show the cost of this machine
Learn about people of own ethnic heritage : Many Korean children and children of other nationalities have been adopted by U.S. Americans. Generally, these children were reared in homes where the parents w
What is the economic interpretation of the slope : Assume 2 outputs, X and Y, two countries, A and B, and one input, Labor. The production functions for countries A and B are given by:

Reviews

Write a Review

Business Economics Questions & Answers

  Most likely lead to an increase in the supply

Which of the following would most likely lead to an increase in the supply of U.S. Dollars to the foreign exchange market?

  What is the federal reserve bank

What is the Federal Reserve Bank is doing for recent monetary policy

  Wholesale market for premium scotch liquor

Suppose the European Union (EU) was investigated and proposed a merger between two of the largest distillers of premium Scotch liquor.

  Labor supply curve is upward sloping

Sarah is awake for 100 hours per week. Using one diagram, show Sarah's budget constraints if she earns $6 per hour, $8 per hour, and $10 per hour. Now draw indifference curves such that Sarah's labor supply curve is upward sloping when the wage is be..

  Optimal output before and after the tax

What effect did the tax have on LeAnn's output level. How LeAnn's did profits change.

  Price elasticity of market demand for retail gasoline

Suppose the own price elasticity of market demand for retail gasoline is -0.7, the Rothschild index is 0.4, and a typical gasoline retailer enjoys sales of $2,150,000 annually. What is the price elasticity of demand for a representative gasoline reta..

  Sketch of an indifference curve

Suppose u(x1, x2) = x1^a,x2^(1-a). Given M, PI and P2 derive the demands for the two goods: Solve for MUI,MU2

  Analyze the effect of both a bad weather and the rumors

Analyze the effect of both a bad weather and the rumors od a deadly disease in the consumption of rice?

  Calculate happyland republic nominal gdp

The table below is extracted from Happyland Republic, Bureau of Statistics records for 2019-2020. Use the information in this table to answer the questions that

  What is equilibrium and disequilibrium

What is equilibrium? What is disequilibrium? Explain why, if there is no outside interference in a competitive market, that prices will not remain either above or below equilibrium for long.

  Optimizing consumers in the markets

Mathew and Susan are both optimizing consumers in the markets for shirts and hats, where they pay $100 for a shirt and $50 for a hat.

  Injuries for research and reporting purposes

Several external cause codes are reported to include the cause, intent, place, and activity of the injury. Answer the following questions:

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