User Account

All Pages

Practice demonstrating the impact of changes

Assignment Help Macroeconomics
Reference no: EM132550538

Now it's time to practice demonstrating the impact of changes in the determinants of supply and demand. All students in public schools need notebooks of some type when they attend classes. For each of the scenarios below, explain the effects on demand and/or supply and equilibrium price and quantity of spiral bound notebooks using a correctly labeled supply and demand graph. Under your hand-drawn graph, list the determinant of supply and/or demand that causes each shift as well as the change in price and quantity. You should have four graphs and write out what happens to equilibrium price, quantity, and what determinant you identified. To help you begin, we've done one for you. The written answer should be set up under the graph as follows:

Price: Increase or Decrease (select one)

Quantity: Increase or Decrease (select one)

Determinant: One of the determinants for demand (TRIBE) or supply (ROTTEN) that causes the shift.

The scenarios are:

-The government provides a subsidy for notebook manufacturers.

-Your income increases, and spiral bound notebooks are an inferior good.

-Consumers expect the price of spiral bound notebooks to double next month.

-The government raises taxes on businesses at the same time that students receive their supply list for the new school year. MAKE SURE TO INCLUDE GRAPHS

Reference no: EM132550538

Questions Cloud

Significant in development of microbiology and why : What events, discoveries, or inventions were probably the most significant in the development of microbiology and why?
What would be the break-even EBIT for OKR Ltd : State and explain any two scenarios whereby a firm can take tax benefits by issuing debt securities. What would be the break-even EBIT for OKR Ltd
Bank of canada trying to do regarding the canadian economy : Is this monetary policy or fiscal policy and what is the Bank of Canada trying to do regarding the Canadian economy?
What you have discovered about the professional practice : This reflection journal also allows students to outline what they have discovered about their professional practice, personal strengths and weaknesses.
Practice demonstrating the impact of changes : Now it's time to practice demonstrating the impact of changes in the determinants of supply and demand. All students in public schools
What are the current and potential uses of the technology : Describe the topic by listing when it came into being. What are the current and potential uses of the technology?
What is the impact on EPS of using debt : Xixian Limited can raise new debt at 17.00% interest rate (New Debt Plan). What is the impact on EPS of using debt rather than a new equity issue
Research effects of teratogens on fetal health : Research the effects of teratogens on fetal health. First, define the various types of teratogens that can affect fetal health.
Develop diagnoses for clients receiving psychotherapy : 71 year old African American male re-living in the long term facility with diagnosis of Anxiety disorder and depression. Patient on sertraline 25mg at bedtime.

Reviews

Write a Review

Macroeconomics Questions & Answers

  What are some of the reason why mergers happen

In many industries, such as supermarkets, banks, cell phonecompanies, etc., because of mergers our choices as consumers arereduced to two or three competitors. Do you think thisis good for the economy

  1 a few years ago canada introduced a new immigration

1. a few years ago canada introduced a new immigration category- called the experience class. the class allows the fast

  What might have happened if they had not intervened

Do you think this intervention was necessary? What are the consequences of this intervention? What might have happened if they had not intervened?

  Movement along and shift of the demand curve

What is the difference between a movement along and shift of the demand curve? Show the affect on the equilibrium price and quantity that result from:(1) an increase in demand,(2) an increase in supply, and(3) an increase in both supply and demand..

  State whether you agree or disagree with the following state

During 2003, we began to stop worrying that inflation was a problem. Instead, we began to worry about deflation, a decline in the price level.Assume that the Fed decided to hold the money supply constant.What impact would deflation have on interest r..

  Identify gains and losses to producer and worker surpluses

(a) Assume a competitive labor market. Draw the demand of labor curve for an individual firm. Assume that the firm faces a labor supply curve that is neither perfectly inelastic nor perfectly elastic. If the firm has the ability to command more ef..

  What is the return on investment

What sort of shift in supply or demand would result in a market equilibrium with higher prices but lower sales volume? A shift inward in supply could lead to an equilibrium with higher prices but lower volumes. What might cause such a shift?

  Values of the price level

Assume that the long-run aggregate supply curve is vertical at Y = 3,000 while the short-run aggregate supply curve is horizontal at P = 1.0. The aggregate demand curve is Y = 2(M/P) and M = 1,500. If the economy is initially in long-run equilibri..

  Determine autonomous consumption expenditure

Determine autonomous consumption expenditure, autonomous investment expenditure, and the marginal propensity to consume.

  Objectives of any business is to be efficient

"We're both busy, so I'll get right to the point," he says. "One of the main objectives of any business is to be efficient. Without efficiency, the company is essentially losing money. Am I right?"

  Poorly design database design

View the following poorly design database design. Identify as many errors as you can find. Focus particularly on the following:

  Obtain the expected value of each decision

ECON 519 Assignment. A local exporter is evaluating to offer its services to three different markets. Obtain the expected value of each decision n

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