Supply demand graph to explain watermelon prices

Assignment Help Macroeconomics
Reference no: EM1373997

The demand for watermelons is highest during summer and lowest during winter. Yet watermelon values are normally not bigger in summer than in winter. Use a demand and supply graph to show how this is possible. Be sure to carefully label the curves in your graph and to clearly indicate the equilibrium summer price and the equilibrium winter price. Suggestion: There will be two demand curves and two supply curves, one set for winter and another set for summer.

Reference no: EM1373997

Questions Cloud

Prepare journal entries : Create journal entries to record the accounting for both the normal and abnormal rework and what were the total rework costs of XD1 chips in August 2011?
What considering outsource daily room cleanup for her motel : What considering outsource daily room cleanup for her motel. Susan's Yearly fixed cost for space, equipment and supplies are $61,000.
Find the balanced scorecard : Find the balanced scorecard and its perspectives on performance and evaluate total quality management (TQM) and the costs of quality
Evaluate the overhead rates for dept a and b : Evaluate the overhead rates for Dept A and B and evaluate the contract cost using the rates is in question 1 and the subsequent information
Supply demand graph to explain watermelon prices : The demand for watermelons is highest during summer and lowest during winter. Yet watermelon values are normally not bigger in summer than in winter.
Why do you assume that best buy rather than one of best buy : Why do you Assume that Best Buy, rather than one of Best Buy's big suppliers such as Sony or Panasonic, is considering eliminating rebates.
Can you suggest why procurement denies the payment : Procurement Department refuses to make the last payment, although the funds are available. Considering the role of a PM in fulfilment of tasks, Can you suggest why procurement denies the payment.
What is the amount of ordinary income : On February 13, 2012, the property was sold for $40,000, payable in four yearly installments of $10,000 plus interest. Evaluate what is the amount of ordinary income to be reported from the sale?
Is an analyst always in control of this kind of situation : Illustrate what are her options. Is an analyst always in control of this kind of situation. FastPak, the nation's fourth-largest overnight package service carrier, is headquartered.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Elucidate the similarities and differences of the breakup

Elucidate the similarities and differences of the breakup of the AT&T/Bell System antitrust problems.

  Is guatemala debt makes if the government runs

Is Guatemala debt makes if the government runs a balanced budget in both a and b.

  Auger busy in a promotional campaign costing

Auger busy in a promotional campaign costing $60 million this year, its annual after-tax cash flow over the next five years will be.

  Illustrate what are three key macro-economic indicators

Illustrate what are three key macro-economic indicators that you could use to assess conditions that apply to your reference organization.

  Economy current stage in the business cycle

Determine the economy current stage in the business cycle and support your answer with an article written within the last week from popular press or blog.

  Determine the long equilibrium output and the selling price

Suppose that two companies are duopolists that produce identical products. Demand for the products is given by following linear demand function:

  Reducing protection of imports

Determine some of the models that predict the EFFECT that decreasing protection of imports will have on FACTOR PRICES? Briefly describe the effects shown by these models.

  Compute profit maximizing level of output

A representative company with long-run total cost given by TC =20+20q+5q2 operates in a competitive industry where short-run market demand and supply curves are given by QD = 1,602 - 40P and QS = - 400 + 20P.

  Controlling the monetary base through open market

Explain how the central bank in a modern economy operates; in particular, how it tries to control the monetary base (H), and thus the quantity of money (M) via open-market operations.

  Determine the individual marginal tax rate

An individual's taxable income increase from $20,000 to $30,000 a year, and taxes paid amount increase from $5,000 to $8,500. Determine the individual's marginal tax rate is:

  Elucidate whethers statements are positive or normative

Elucidate whether the following statements are positive or normative economic statements, and explain why you categorized them in that way.

  Explain why is rising per capita income necessary

Explain why is rising per capita income necessary but not sufficient for broadly reducing poverty and improving human welfare.

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