Predict the direction of change for either supply or demand

Reference no: EM133205656 , Length: Words Count:300

Assignment:

1. Predict the direction of change for either supply or demand in the following situations. Explain using one sentence for each situation.

a. Several new companies enter the cell phone industry.

b. Consumers suddenly decide SUVs are unfashionable.

c. The U.S surgeon general issues a report stating that tomatoes prevent colds.

d. Frost threatens to damage the coffee crop, and consumers expect the price to rise sharply in the future.

e. The price of tea falls. What is the effect on the coffee market?

f. The price of sugar rises. What is the effect on the coffee market?

g. Tobacco lobbyists convince Congress to remove the tax paid by sellers on each carton of cigarettes sold.

h. A new type of robot is invested that will pick peaches.

i. Nintendo anticipates that the future price of its games will fall much lower than the current price.

2. Answering the following in 200 to 300 words.

The U.S Postal Service is facing increased competition from firms providing overnight delivery of packages and letter. Additionally, competition has emerged because communications can be sent by emails, fax machine, and text messaging. What will be the effect of this competition on the market demand for mail delivered by the post office?

Reference no: EM133205656

Questions Cloud

What trends or conditions impact the company : LDR 620 Grand Canyon University - What areas can be improved at your current position and What trends or conditions impact the company in a positive way

Company weighted average cost of capital : Hatch Corporation's target capital structure is 40 percent debt, 15 percent common stock, and 45 percent preferred stock. Information regarding the company's co

Discuss the use and abuse of leadership power : Discuss the use and abuse of leadership power. Is it necessarily true that power corrupts and absolute power corrupts absolutely

Shares of common stock outstanding : 2,267,000 shares of common stock outstanding - dividends of $1.74 paid on each.

Predict the direction of change for either supply or demand : Predict the direction of change for either supply or demand in the following situations. Explain using one sentence for each situation. Pepperdine University.

Popular sports supplement : Grossmont-Cuyamaca Community College District-Select product that either at home or on the internet. Preferably, choose one that is a popular sports supplement

Illustrate intrinsic value of human capital using leadership : What is your own leadership style? During the briefing, how will you use your leadership style to illustrate the intrinsic value of human capital?

What is the amount of the float : What is the float and how can a company use it for working capital? Provide an example that illustrates how it happens.

Calculate the annual cost of not taking the discount : A company gets trade credit from its supplier. The company purchases $1000 of goods.

User Account

All Pages